Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada

Search

Pipeline Financial Requirements Regulations

Version of section 4 from 2018-06-25 to 2018-07-20:

The following provision is not in force.

Marginal note:Readily accessible financial resources — 5%

  •  (1) A company that operates one or more authorized pipelines referred to in paragraphs 2(1)(a) to (d) must maintain at least 5% of the amount of financial resources referred to in subsection 48.13(1) of the Act in types that are readily accessible.

  • Marginal note:Readily accessible financial resources — 2.5%

    (2) A company that operates one or more authorized pipelines referred to in paragraphs 2(1)(e) to (i) must maintain at least 2.5% of the amount of financial resources referred to in subsection 48.13(1) of the Act in types that are readily accessible.

  • Marginal note:Financial resources

    (3) If the Board specifies the types of financial resources that must be readily accessible to a company, it must choose from among the following types:

    • (a) a letter of credit;

    • (b) a line of credit;

    • (c) participation in a pooled fund referred to in subsection 48.14(1) of the Act;

    • (d) cash or cash equivalents.


Date modified: