URC Law definition

URC Law means The Utility Regulation and Competition Law (2016), or its equivalent; and,
URC Law means the Utilities Regulation and Competition Law, (2019 Revision) and subsequent amendments thereto.

Examples of URC Law in a sentence

  • Section 6 of the URC Law sets out the principal functions and powers of the Office, which states the following (in part): 6.

  • The definition of “Sectoral Provider” is found in the URC Law and the Office maintains the position that is acceptable.

  • In making the decision regarding the adoption and implementation of consumer protection regulations for the fuel sector in the Cayman Islands, the Office was guided by its statutory remit, in particular as set out in the URC Law and the Fuels Market Regulation Law, 2017 (the ‘FMR Law’).

  • Such action is within the remit of the Cabinet, in the light of the provision in the URC Law s 6(1)(c) and Section 10 (1)(c)(v) of the FMR Law.

  • Section 6 of the URC Law sets out the principal functions and powers of the Office.

  • The Legislative Assembly identified the need for bespoke protection (for example in section 6(1)(c) of the URC Law), and the other respondents to this consultation did not object to regulation.

  • The Office achieves this function by supervising, monitoring and regulating any sectoral provider in accordance with the URC Law and sectoral legislation.

  • As noted above, section 7(1) of the URC Law states that prior to issuing an administrative determination of public significance, the Office shall “issue the proposed determination in the form of a draft administrative determination.” The Office considers the attached draft Rules to be a “draft administrative determination” for the purposes of section 7(1).

  • Consumer protection is one of the principal functions of the Office,9 and it has the powers under the URC Law and the FSM Law to consult on and propose the creation of regulations.

  • Where no consensus was achieved, the Authority would consider how to use its powers under the ICT Law and the URC Law, including continuing with the ICT Consultation 2016-2 procedure, to address any outstanding issues.


More Definitions of URC Law

URC Law means the Utility regulation and Competition Law (2016 Revision)

Related to URC Law

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  • the Companies Act means the Companies Act 1981 of Bermuda as may from time to time be amended;

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