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Capital restructuring

We have a duty to ensure that efficient companies can continue to finance their functions. A company's choice of capital structure is essentially a matter for the company and the capital markets. However we seek to ensure that a company’s customers are not exposed to undue risk as a result. This section provides our consultations on any material capital restructuring (such as moving from a corporate structure to a securitised structure) and any subsequent regulatory action. If licence amendments are required, then they are published via a statutory notice under S13 of the Water Industry Act 1991. Ultimately, the amended licence is made effective once agreed by the company and signed by Ofwat’s Chief Executive.

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