Jumat, Juni 11, 2021

Standards for Business Activities and Products During the Implementation of Risk-Based Business Licensing Finally Introduced

In order to implement the mandate originally set out under Regulation of the Government No. 5 of 2021 on the Organization of Risk-Based Business Licensing, the Minister of Energy and Mineral Resources (“Minister”) has issued Regulation of the Minister No. 5 of 2021 on Standards for Business Activities and Products During the Implementation of Risk-Based Business Licensing Within the Energy and Mineral Resources Sector (“Regulation 5/2021”).
The business activities and products for which standards have now been set encompass the following subsectors: 1) Oil and gas; 2) Electricity; 3) Minerals and coal; and 4) New and renewable energy and energy conservation.
Risk-based business licensing within the energy and mineral resources sector will be implemented through an electronically integrated business licensing system and will be carried out in accordance with Regulation of the Government No. 5 of 2021 on the Organization of Risk-Based Business Licensing.
Regulation 5/2021 has been in force since 1 April 2021 and can be accessed here.

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In order to implement the mandate originally set out under Regulation of the Government No. 5 of 2021 on the Organization of Risk-Based Business Licensing, the Minister of Energy and Mineral Resources (“Minister”) has issued Regulation of the Minister No. 5 of 2021 on Standards for Business Activities and Products During the Implementation of Risk-Based Business Licensing Within the Energy and Mineral Resources Sector (“Regulation 5/2021”).
The business activities and products for which standards have now been set encompass the following subsectors: 1) Oil and gas; 2) Electricity; 3) Minerals and coal; and 4) New and renewable energy and energy conservation.
Risk-based business licensing within the energy and mineral resources sector will be implemented through an electronically integrated business licensing system and will be carried out in accordance with Regulation of the Government No. 5 of 2021 on the Organization of Risk-Based Business Licensing.
Regulation 5/2021 has been in force since 1 April 2021 and can be accessed here.

......