{
  "url": "https://openlegislation.uk/hydrocarbons-temporary-management-scheme-regulations-2013/regulation-21",
  "json_url": "https://openlegislation.uk/hydrocarbons-temporary-management-scheme-regulations-2013/regulation-21.json",
  "legislation": "uksi/2013/1329",
  "legislation_title": "The Hydrocarbons (Temporary Management Scheme) Regulations 2013",
  "legislation_url": "https://openlegislation.uk/hydrocarbons-temporary-management-scheme-regulations-2013",
  "path": "regulation/21",
  "kind": "regulation",
  "number": "21",
  "heading": "Decommissioning accounts",
  "text": "(1) The Secretary of State may set up set up with a financial institution a decommissioning account in the name of—\n(a) the restricted person; or\n(b) the Secretary of State on behalf of the restricted person.\n(2) A decommissioning account must be an interest bearing account.\n(3) Subject to any early termination, during the management period the Secretary of State may pay from a decommissioning account any liability of the restricted person to decommission a restricted petroleum facility where that liability arises under—\n(a) Part 4 of the Petroleum Act 1998; or\n(b) a decommissioning contract.\n(4) The Secretary of State may require a financial institution which holds a decommissioning account to provide statements of payments and receipts to the Secretary of State for such periods as the Secretary of State considers reasonable.\n(5) Funds in a decommissioning account are, subject to the terms of any decommissioning contract, funds to which the restricted person is beneficially entitled.\n(6) To the extent a restricted person is beneficially entitled to the funds in a decommissioning account, except for payments which may be made under paragraph (3), those funds are frozen funds.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2013/1329/regulation/21",
    "retrieved_at": "2026-10-29T00:52:38.703178+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}