S.L. 549.68 Art. 20Financial mechanism.

The operator shall, on the basis of arrangements established by the competent authority, make a financial contribution available to the competent authority before the transfer of responsibility pursuant to regulation 18 has taken place. The contribution from the operator shall take into account those criteria referred to in the First Schedule and elements relating to the history of storing CO relevant to determining the post-transfer 2 obligations, and cover at least the anticipated cost of monitoring for a period of thirty years. This financial contribution may be used to cover the costs borne by the competent authority after the transfer of responsibility to ensure that the CO is completely and 2 permanently contained in geological storage sites after the transfer of responsibility.