Annual renewal of funds for liabilities certification by Code Power operators


I saw today that Ofcom is consulting on the grant of Code Powers to Gigaclear Limited, and it reminded me that we are fast approaching that time of year when Communications Providers with Code Powers need to provide their annual certification to Ofcom that they have in place sufficient funds to meet their liabilities.

This somewhat curious process requires operators to assess on an annual basis what funds might be required to fund their network construction  / reinstatement related liabilities (I paraphrase – the statutory definition is rather more complex than this) in the event that the operator becomes insolvent, to put in place arrangement to cover those liabilities and then to certify to Ofcom that this has been done.

About Rob Bratby

Telecommunications, media and technology lawyer advising companies across Europe and Asia
This entry was posted in Commercial activity, Fixed, Regulatory action, Telecoms, UK and tagged , . Bookmark the permalink.

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