
1 
This Order may be cited as the Water and Sewerage Services Undertaking (Borrowing) (Scotland) Order 2020 and comes into force on 1 January 2021.
2 
In this Order—
(a) “the Act” means the Water Services etc. (Scotland) Act 2005,
(b) “the undertaking” means the water and sewerage services undertaking established for the purposes of section 13 of the Act, and
(c) “subsidiary” has the meaning given by section 1159 of the Companies Act 2006.
3 
The circumstances specified for the purposes of section 14(2)(b) of the Act (the circumstances in which the undertaking may borrow money from any other person) are—
(a) where sums are borrowed for the purpose of enabling the undertaking to perform activities authorised by a water services or sewerage services licence granted to it under section 6(1) or (3) of the Act, or activities it engages in by virtue of section 13(7) of the Act, and
(b) the lender is Scottish Water or a subsidiary of Scottish Water.
R CUNNINGHAM
A member of the Scottish Government
St Andrew’s House,
Edinburgh
29th October 2020