The Carbon Dioxide Transport and Storage (Financing of Costs of Offshore Decommissioning) Regulations 2026
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14 Monthly contributions to the offshore decommissioning fund
(1) On or before the last day of each month during the fund operational period, a section 7 licensee must pay, or ensure payment of, the monthly contribution into the offshore decommissioning fund. (2) The monthly contribution is the amount that is one twelfth of the annual contribution specified in a funding and investment strategy, as that strategy is approved from time to time by the Secretary of State under Part 4 of Schedule 4. (3) When approving an amendment to the annual contribution in a funding and investment strategy under Part 4 of Schedule 4, the Secretary of State must confirm in writing the date from which the amended monthly contribution must be paid.
14 Monthly contributions to the offshore decommissioning fund
(1) On or before the last day of each month during the fund operational period, a section 7 licensee must pay, or ensure payment of, the monthly contribution into the offshore decommissioning fund. (2) The monthly contribution is the amount that is one twelfth of the annual contribution specified in a funding and investment strategy, as that strategy is approved from time to time by the Secretary of State under Part 4 of Schedule 4. (3) When approving an amendment to the annual contribution in a funding and investment strategy under Part 4 of Schedule 4, the Secretary of State must confirm in writing the date from which the amended monthly contribution must be paid.
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