(1)Exit regulations may provide for the WSRA to modify the conditions of appointment of a relevant undertaker where it considers it necessary or expedient to do so in consequence of the transfer of part of the relevant undertaker's undertaking under the regulations.
(2)Exit regulations may provide for the WSRA to modify the conditions of a licence under Chapter 1A of Part 2 of the Water Industry Act 1991 where it considers it necessary or expedient to do so in consequence of the transfer to the holder of that licence of part of a relevant undertaker's undertaking under the regulations.
(3)Exit regulations may provide for the WSRA, where it modifies conditions under subsection (1) or (2), to make such incidental or consequential modifications of other conditions of the appointment or, as the case may be, other conditions of the licence as it considers necessary or expedient.
(4)Provision made by exit regulations as regards the modification of conditions under this section may include—
(a)provision for the Secretary of State to give consent to a modification proposed by the WSRA;
(b)provision as to the period during which a modification may be made.
(5)Provision under subsection (4)(b) may not allow a modification to be made after the end of the period of one year beginning with the day on which the transfer in question takes place.
Commencement Information
I1S. 49 in force at 6.4.2015 by S.I. 2015/773, art. 2(2)(b)(vii) (with art. 5)