Explanatory note

These Regulations are consequential upon the Water Act 1989. They transfer to the holding companies of the companies which succeeded the water authorities two sets of liabilities of those successor companies. The first set relates to the payment of pensions to chairmen and members of water authorities. The second set relates to the payment of compensation to such persons when they cease to be water authority members. These liabilities were excluded from the general transfer of pension and compensation liabilities made by the Water Reorganisation (Pensions etc.) Regulations 1989 (S.I. 1989/1161).