The Carbon Dioxide Transport and Storage (Financing of Costs of Offshore Decommissioning) Regulations 2026
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Change 1
9 Approval of holding arrangement
The Secretary of State must reach a final decision on whether to approve a holding arrangement proposal and may not give such approval unless satisfied that— (a) the offshore decommissioning fund has or will be established in a way that will enable it to meet the criteria in regulation 8(6), (b) the fund holder meets the criteria in regulation 8(3), (c) the fund administrator meets the criteria in regulation 8(4), and (d) the information provided pursuant to regulation 8 adequately demonstrates how the holding arrangement will be established and operate in a manner consistent with these Regulations.
9 Approval of holding arrangement
The Secretary of State must reach a final decision on whether to approve a holding arrangement proposal and may not give such approval unless satisfied that— (a) the offshore decommissioning fund has or will be established in a way that will enable it to meet the criteria in regulation 8(6), (b) the fund holder meets the criteria in regulation 8(3), (c) the fund administrator meets the criteria in regulation 8(4), and (d) the information provided pursuant to regulation 8 adequately demonstrates how the holding arrangement will be established and operate in a manner consistent with these Regulations.
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