The Carbon Dioxide Transport and Storage (Financing of Costs of Offshore Decommissioning) Regulations 2026
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Change 1
10 Duty to carry out approved holding arrangement proposal
Where the Secretary of State approves a holding arrangement proposal under regulation 9, the section 7 licensee who submitted the proposal must— (a) ensure that the approved proposal is carried out within a reasonable timescale and that any conditions or modifications relating to the approval are complied with; (b) notify the approval to other relevant persons holding a section 29 notice in respect of the covered offshore infrastructure and ensure that they have access to approved holding arrangement information.
10 Duty to carry out approved holding arrangement proposal
Where the Secretary of State approves a holding arrangement proposal under regulation 9, the section 7 licensee who submitted the proposal must— (a) ensure that the approved proposal is carried out within a reasonable timescale and that any conditions or modifications relating to the approval are complied with; (b) notify the approval to other relevant persons holding a section 29 notice in respect of the covered offshore infrastructure and ensure that they have access to approved holding arrangement information.
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