Consultation on strengthening the regulatory ring-fencing framework

Consultation on strengthening the regulatory ring-fencing framework

Published date: November 20, 2018
Closing date: Tuesday January 8th, 2019 5:00pm

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About Consultation

This document is a consultation on strengthening the regulatory ring-fencing framework to bring all licences up to the industry leading standard. It sets out why we believe that the regulatory ring-fencing framework should comprise licence conditions which are consistent across the industry. The proposals in this document build on previous consultations and discussions in industry workshops, and specifically relate to:

  • maintaining investment grade credit ratings and cash lock-up;
  • providing ring-fencing certificates;
  • reporting of material issues; and
  • change of control.

We would welcome any comments on this document. Please send your responses to FinanceAndGovernance@ofwat.gsi.gov.uk by 8 January 2019. You can also submit your response by post to: Regulatory Ring-fencing, Ofwat, Centre City Tower, 7 Hill Street, Birmingham B5 4UA.