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The Railways (Access, Management and Licensing of Railway Undertakings) Regulations 2016

The Railways (Access, Management and Licensing of Railway Undertakings) Regulations 2016 Sch 6 para 13

Sch 6 para 13 Monitoring the rail services markets

In regulation 34 (monitoring the rail services markets)— (a) in paragraph (1) after “rail services markets” insert “, including the market for high-speed passenger services and the activities of infrastructure managers in relation to the matters referred to in regulation 32(2)”; (b) in paragraph (2)(a) for “control” substitute “verify compliance with” and delete the word “and” at the end; (c) in paragraph 2(b) replace the full stop at the end with a semicolon; and (d) after paragraph (2)(b) insert— (c) monitor the use of income referred to in regulation 9A(1), the servicing of debts and payment of dividends referred to in regulation 9A(2), the loans referred to in regulation 9A(5) and the debts referred to in regulation 9A(7); and (d) assess, and monitor the execution of any cooperation agreements concluded between an infrastructure manager and one or more railway undertakings and, where justified, may advise that a cooperation agreement should be terminated.

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