Financial Provision Guidance Documents

Year Title
2019 EPA Approach to Environmental Liabilities and Financial Provision
This document sets out how the EPA will approach environmental liabilities and financial provisions at licensed sites.
2015 Guidance on Financial Provision for Environmental Liabilities
This guidance applies to EPA licensees whose licences require financial provision to be put in place.
2014 Guidance on assessing and costing environmental liabilities - Unit cost rates for verification
Unit Cost rates for verification.
2014 Guidance on assessing and costing environmental liabilities
Guidance document on assessing and costing environmental liabilities.
2014 Guidance on assessing and costing environmental liabilities - frequently asked questions
FAQ

Instrument-Specific Templates & Guidance

Year Title
2019

Bond

The bond template is generally acceptable to the EPA and is specific to the EPA's particular requirements. Any party intending to use the template may wish to seek their own legal advice.

2020

Environmental Impairment Liability Insurance (EILI)

Whilst there is no specific EPA template for EILI policies, these documents provide guidance on EILIs as an acceptable financial instrument for potential liabilities from incidents:

2019

Parent Company Guarantee (PCG)

The PCG template is generally acceptable to the EPA and is specific to the EPA's particular requirements. Any party intending to use the template should seek their own legal advice.

A Financial Strength Assessment of the parent needs to be completed first before proceeding with a PCG. Also included below are templates relating to the corporate certificate and legal opinion to accompany PCGs.

2017

Secured Fund

The Account Charge and Funding & Drawdown Agreement templates are generally acceptable to the EPA and are specific to the EPA's particular requirements. Any party intending to use the templates should seek their own legal advice.