History of Discussion Paper DIS-11-01, Implementation of Financial Guarantees for Licensees
Status: In response to the concerns raised by those submitting comments, the Canadian Nuclear Safety Commission (CNSC) is reviewing its proposed approach to implementing financial guarantees for Class II nuclear facilities and nuclear substances and radiation devices licensees. In doing so, the CNSC will consider modifications of or alternatives to the approach proposed in DIS-11-01, while respecting the need to ensure that Canadian taxpayers would not be burdened with the costs associated with a licensee’s inability to safely terminate their licensed activities, decommission their facility or dispose of their nuclear substances and devices. The Comments received during consultation for discussion paper DIS-11-01, Implementation of Financial Guarantees for Licensees, are posted on the CNSC Web site.
CNSC staff originally intended to present alternative proposals on Financial Guarantees at the Commission's April meeting. However, to ensure sufficient time for the CNSC to work with interested stakeholders in the development of alternative approaches for Financial Guarantees, this presentation will be deferred until such time as any such proposals can be developed and reviewed.
Stakeholders are encouraged to monitor the CNSC Web site for developments on this matter.
- January 26, 2012: View the comments received during consultation. Note that the comments are posted in the language in which they were submitted.
- November 30, 2011: Consultation ended
- March 3 to November 30, 2011: First round of consultation. An invitation to comment on the document is posted on the CNSC Web site. Read the HTML consultation version of the document, along with Information Bulletin 11-05, for further details.
The Nuclear Safety and Control Act authorizes CNSC to require licensees to provide a financial guarantee as a condition of their licence. This ensures that licensees have sufficient financial resources in place to ensure the safe termination of their licensed activity. Currently, the requirement for financial guarantees has been limited to Class I nuclear facilities and uranium mines and mills. Discussion Paper DIS-11-01 outlines CNSC’s plans to broaden the financial guarantee program over the next two years, to require all sites and activities licensed by CNSC to have financial guarantees.
For questions or information related to DIS-11-01, please contact:
Canadian Nuclear Safety Commission
Regulatory Framework Division
P. O. Box 1046, Station B
Ottawa, ON K1P 5S9
Telephone: 613-995-5894 or 1-800-668-5284 (Canada only)