The Carbon Dioxide Transport and Storage (Financing of Costs of Offshore Decommissioning) Regulations 2026
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
12 UK court orders or transfer scheme changes
(1) A fund holder must, in accordance with this regulation, make, or facilitate, changes in respect of an offshore decommissioning fund, the holding of fund assets, or that affect approved holding arrangement information, in order to give effect to— (a) a UK court order, (b) a T&S transfer scheme, (c) a scheme made by the Secretary of State under section 50 of the 2023 Act, or (d) a T&S company of last resort direction given by the economic regulator under a section 7 licence. (2) A fund holder, fund administrator or a relevant person must, unless the Secretary of State is already party to the relevant action— (a) promptly notify the Secretary of State, as soon as such a person becomes aware of action being threatened or commenced that may result in an outcome referred to in paragraph (1)(a) to (d), (b) provide to the Secretary of State updates on the progress of such an action, or such information relating to the action, as the Secretary of State may reasonably require, and (c) provide any other cooperation that may be required by the Secretary of State, should the Secretary of State wish to intervene in the action. (3) Where a circumstance mentioned in paragraph (1) (a) to (d) has occurred, the fund holder must notify the Secretary of State, as soon as reasonably practicable and prior to giving effect to the order or scheme, of any changes in respect of an offshore decommissioning fund, the holding of fund assets, or that affect approved holding arrangement information that are proposed in order to give effect to the order or scheme. (4) Where the Secretary of State is notified of proposed changes under paragraph (3), the Secretary of State must determine, as soon as reasonably practicable, whether the proposal— (a) is wholly consistent with and required by the relevant scheme or UK court order, or (b) includes changes that are— (i) additional changes beyond those strictly or expressly required by the relevant scheme or UK court order, or (ii) that involve a selection of one option above another viable option. (5) In a case where paragraph (4)(b) applies— (a) the Secretary of State may require the fund holder to submit an approval request, and (b) where an approval request is required under sub-paragraph (a)— (i) Schedule 3 is to apply as if the fund holder was a relevant person, and (ii) the Secretary of State must reach a final decision on whether to approve the request, as if it were a request made under regulation 11. (6) For the purposes of this regulation, “T&S transfer scheme” is to be interpreted in accordance with section 44 of the 2023 Act.
12 UK court orders or transfer scheme changes
(1) A fund holder must, in accordance with this regulation, make, or facilitate, changes in respect of an offshore decommissioning fund, the holding of fund assets, or that affect approved holding arrangement information, in order to give effect to— (a) a UK court order, (b) a T&S transfer scheme, (c) a scheme made by the Secretary of State under section 50 of the 2023 Act, or (d) a T&S company of last resort direction given by the economic regulator under a section 7 licence. (2) A fund holder, fund administrator or a relevant person must, unless the Secretary of State is already party to the relevant action— (a) promptly notify the Secretary of State, as soon as such a person becomes aware of action being threatened or commenced that may result in an outcome referred to in paragraph (1)(a) to (d), (b) provide to the Secretary of State updates on the progress of such an action, or such information relating to the action, as the Secretary of State may reasonably require, and (c) provide any other cooperation that may be required by the Secretary of State, should the Secretary of State wish to intervene in the action. (3) Where a circumstance mentioned in paragraph (1) (a) to (d) has occurred, the fund holder must notify the Secretary of State, as soon as reasonably practicable and prior to giving effect to the order or scheme, of any changes in respect of an offshore decommissioning fund, the holding of fund assets, or that affect approved holding arrangement information that are proposed in order to give effect to the order or scheme. (4) Where the Secretary of State is notified of proposed changes under paragraph (3), the Secretary of State must determine, as soon as reasonably practicable, whether the proposal— (a) is wholly consistent with and required by the relevant scheme or UK court order, or (b) includes changes that are— (i) additional changes beyond those strictly or expressly required by the relevant scheme or UK court order, or (ii) that involve a selection of one option above another viable option. (5) In a case where paragraph (4)(b) applies— (a) the Secretary of State may require the fund holder to submit an approval request, and (b) where an approval request is required under sub-paragraph (a)— (i) Schedule 3 is to apply as if the fund holder was a relevant person, and (ii) the Secretary of State must reach a final decision on whether to approve the request, as if it were a request made under regulation 11. (6) For the purposes of this regulation, “T&S transfer scheme” is to be interpreted in accordance with section 44 of the 2023 Act.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.