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The Water Industry Act 1991 Order 2024

12 March 2024
Amends/Commences: Water Industry Act 1991

Comes into force: 23rd February 2024

Jurisdiction: England, Wales

Changes are made to Schedule 2 of the Act to enable the transfer of assets by hive-down*, when a failing water industry company is in special administration.  

*A transfer by hive-down enables the special administrator to transfer the whole or part of a regulated business to a wholly owned subsidiary before the securities in that subsidiary are transferred to new owners.

This amendment has no direct relevance to environmental matters.

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