Part 1: Licensing of Carbon Dioxide Transport and Storage Chapter 4: Special Administration Regime
This Chapter provides for the application of a Special Administration Regime (SAR), in the event of a CO2 transport and storage company insolvency.
	This will provide the Secretary of State or, with the Secretary of State’s permission, the economic regulator, with a power to apply to the courts for the appointment of a special administrator.
	The detailed rules governing the establishment of a SAR will be set in secondary legislation.