Heat networks regulation: authorisation conditions and guidance on measures to mitigate the risk and impact of financial failure
Special Administration Regime
Summary
This section outlines the Special Administration Regime (SAR) which will be introduced through secondary legislation in the autumn.
There are no specific questions on the SAR in this consultation.
Details
A Special Administration Regime (SAR) provides a framework for an insolvency practitioner to continue the supply of an essential service as a key duty alongside their obligations to creditors.
It ensures that heating and hot water is continued and resources within the existing company are utilised to support this, assisted where necessary with government funding.
Read the full details in the 'Special Administration Regime' chapter of the consultation (PDF, opens in a new window).