The legislation on classified installations stipulates, for certain categories of installations, that the operation be subject to the implementation of financial guarantees. This is a written commitment from a credit institution or insurance company capable of mobilising, if necessary, the funds required to make up for the operator’s failure in certain complex cases, in order to prevent large-scale works from becoming the responsibility of the local community.
The installations concerned are :
3Financial guarantees relate to :3
Orders and Circulars from the Ministry in charge of the environment provide guarantee calculation methods and examples for different installation categories.
Environmental code, article L 516-1
R516-1 article and subsequent of the environmental code
Amended order of 1st February 1996 establishing a model for financial guarantee certificates
Waste storage centres : Circulars of 28 May 1996, 23 April 1999, 14 February 2002,
Quarries : Order of 10 February 1998, Circular of 16 March 1998, Order of 9 February 2004,
Installations subject to public easement : Circular of 18 July 1997.