CACERCanadian Energy Regulator Act, s. 303Primary legislationIn force

Financial resources

Applicants for Canadian Energy Regulator authorizations must demonstrate sufficient financial resources to cover Commission-determined amounts through prescribed forms or Regulator-specified methods. Proof must remain valid throughout the duration of authorized work or activity.

Last changed 4 hours ago.

Extracted view for reading · Original for compliance evidence

Financial resources

303 (1) An applicant for an authorization must provide proof that the applicant has the financial resources necessary to pay an amount that is determined by the Commission. The proof must be in the form and manner that are prescribed by regulation or, in the absence of regulations, that are specified by the Regulator. (2) In determining the amount, the Commission is not required to consider any potential loss of non-use value relating to a public resource that is affected as a result of debris. (3) The holder of the authorization must ensure that the proof referred to in subsection (1) remains in force for the duration of the work or activity in respect of which the authorization is issued.

Source

https://laws-lois.justice.gc.ca/eng/acts/C-15.1/section-303.html

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

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