You are here:
- Home
- Ring-fencing
Ring-fencing
Condition 12 (Ring-fencing and accounting records) includes provisions that:
- protect Network Rail from being exposed to risks that are not part of its role as the GB rail infrastructure operator. In other words, it is restricted from taking part in activities that are not part of its core business; and
- requires Network Rail to prepare and submit Regulatory Accounts.
Network Rail can seek our consent to get involved in some restricted activities. We consider each submission for consent on the basis of the information provided to us and having regard to our duties under the Railways Act. Consents issued under consent condition 12 can be viewed on our page - Consents issued to Network Rail under its network licence.
Last updated: 4 October 2008
Related documents
- Network Licence C12 Ring-fencing - financial indebtedness consent - Apr 07 (
PDF 121 Kb). - Network Licence Condition 12: ORR consent ( PDF 16 Kb).
- Network Licence Condition 12: consent to property activities ( PDF 1093 Kb).
- Notice of proposed network licence modifications (Oct 02) ( PDF 547 Kb).
- Disposal of assets and ring fencing consultation (Sept 00) ( PDF 111 Kb).
- PR08 - Licence review - consultation on financial conditions ( PDF 338 Kb).