The Water Industry (Special Administration) Regulations 2024 (SI 2024 No. 205).

These Regulations make provision that contributes to the modernisation of the special administration procedure that applies to water industry companies (“special administration”). Part 1 deals with definitions and other introductory matters. Part 2 applies and disapplies provisions of the 1986 Act in relation to special administration. Part 3 makes general modifications to the Insolvency Act 1986 (1986 Act) and other enactments as they apply in relation to special administration. Chapter 1 of Part 4 makes specific modifications to Schedule B1 to the 1986 Act as it applies in relation to special administration. Chapter 2 of Part 4 makes specific modifications to other provisions of the 1986 Act as they apply in relation to special administration. Part 5 amends section 26 of the 1991 Act so that it prevents Schedule B1 to the 1986 Act from being used to appoint an ordinary administrator in relation to a water industry company. Part 6 makes specific modifications to Parts 26 and 26A of the Companies Act 2006 as those Parts apply to companies in special administration. Part 7 makes transitional and consequential provision.