Termination of rights under a carbon storage licence

regulation 5 + 5.—(1) Where a relevant licence event occurs in respect of a licence, the requirements imposed by these Regulations continue to apply to the responsible person(1) until the end of the agreement period but with the modifications specified in paragraph (2).

(2) The modifications mentioned in paragraph (1) are—

regulation 5 2 a + (a)any reference to a licensee is to be read as including a reference to the responsible person;

regulation 5 2 b + (b)regulation 3 has effect as if in paragraph (3), for “a relevant event” to the end, there were substituted “the relevant information and samples plan has effect”;

regulation 5 2 c + (c)regulation 4 has effect as if—

regulation 5 2 c i + (i)in paragraph (2), for “the end of the period” to the end, there were substituted “the relevant information and samples plan has effect”, and

regulation 5 2 c ii + (ii)paragraphs (3) to (6) were omitted.

(3) For the purposes of this regulation—

regulation 5 3 a + (a)term relevant licence event + “relevant licence event” means an event mentioned in section 109(1)(c), (d), (e), (f) or (g) of the Energy Act 2023;

regulation 5 3 b + (b)the “agreement period” is the period—

regulation 5 3 b i + (i)beginning with the relevant licence event, and

regulation 5 3 b ii + (ii)ending when the relevant information and samples plan has effect;

regulation 5 3 c + (c)term the relevant information and samples plan + “the relevant information and samples plan” means the information and samples plan dealing with—

regulation 5 3 c i + (i)the carbon storage information held by the responsible person before the relevant licence event, and

regulation 5 3 c ii + (ii)the carbon storage samples held by that person before the event.