s 8 Duties of a CFD counterparty
(1) A CFD counterparty must act in accordance with— (a) any direction given by the Secretary of State by virtue of this Chapter; (b) any provision included in regulations. (2) A CFD counterparty must exercise the functions conferred by or by virtue of this Chapter to ensure that it can meet its liabilities under any CFD to which it is a party. (3) In this Chapter “ national system operator ” means the person designated as the Independent System Operator and Planner under section 162 of the Energy Act 2023.