Part 3Decommissioning of energy installations

Chapter 1Nuclear sites: decommissioning and clean-up

Regulations and guidance

I155Funded decommissioning programmes: verification of financial matters

1

Regulations under section 54 may make provision enabling the Secretary of State to rely, in specified circumstances, on verification of financial matters by an independent third party.

2

Regulations may, in particular, provide that for the purposes of the Secretary of State's functions under this Chapter, the Secretary of State may—

a

rely on estimates of costs verified by an independent third party in accordance with the regulations;

b

rely on an independent third party's assessment of the prudence or otherwise of any provision made for the financing of the designated technical matters.