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Consultation on strengthening the regulatory ring-fencing framework



Ofwat have issued a consultation on strengthening the regulatory ring-fencing framework to bring all licences up to the industry leading standard. It sets out why Ofwat believes that the regulatory ring-fencing framework should comprise licence conditions which are consistent across the industry. The proposals 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.


Ofwat are seeking responses to this consultation via FinanceAndGovernance@ofwat.gsi.gov.uk by 8 January 2019.

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