Protection of the Environment Operations Act 1997 No 156
Current version for 14 May 2020 to date (accessed 15 July 2020 at 18:38)
Chapter 9 Part 9.4 Section 299
299   Restriction on requiring financial assurance
The appropriate regulatory authority cannot impose a condition on a licence requiring a financial assurance to be provided unless it is satisfied that the condition is justified having regard to—
(a)  the degree of risk of environmental harm associated with the activities under the licence, or
(b)  the remediation work that may be required because of activities under the licence, or
(c)  the environmental record of the holder or former holder of the licence or proposed holder of the licence, or
(d)  any other matters prescribed by the regulations.