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78Enforcement of security

(1)    A person may not take any step to enforce a security over property of a company which is a universal service provider unless—

(a)    notice of the intention to do so has been served on the Secretary of State and OFCOM, and

(b)    a period of at least 14 days has elapsed since the service of the last of those notices to be served.

(2)    In the case of a foreign company which is a universal service provider, the reference to the property of the company is to its property in the United Kingdom.

NOTES
Initial Commencement
To be appointed

To be appointed: see s 93(3).
Enforcement of Security & Remedies99 Lending & Security99 Banking & Finance Law99

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