Grand Cayman, Cayman Islands – 13 March 2017 – OfReg, the utilities regulator, has announced that the Dangerous Substances Law has been amended after undergoing a rigorous review process. The new legislation, with all its amendments and regulations, is now gazetted and in full effect. The law, which provides oversight for the fuels sector, is now more robust and comprehensive, and includes fuel quality provisions and the much-anticipated economic regulation of the sector.

“Not many people would be aware of, or appreciate the magnitude of the review and amendment process but nevertheless we are here, and we are ready, as the new regulatory agency, to leverage best practices and promote efficiency, consistency and transparency as it relates to the fuels industry here in the Cayman Islands,” said Duke Munroe, Director & Chief Inspector, Fuels Market.

Now that the law is in force, Munroe says the top priority for OfReg is to ensure that all premises and vehicles which fall under the ambit of the Law have the relevant permits in place to be in compliance. He expects to begin issuing permits within the next few weeks. Among a number of preliminary requirements under the amended Law, the Fuel Standards Committee as well as Fuel Advisory Committee have been appointed, and will begin meeting shortly.

“We will be engaging the public and our stakeholders through various channels to educate them about the Law and how it impacts them. The first phase of our outreach will focus on safety and compliance within the sector. Then we will move to the issue of regulation of the fuels market over the coming months.”

Munroe encouraged members of the fuel sector as well as the general public to review the Law, its amendments and regulations, and contact OfReg on 946.4282 or [email protected] for more information.

Ends

EDITOR: We have been advised that the DANGEROUS SUBSTANCES GENERAL REGULATIONS 2017 has NOT been gazetted yet, but it is anticipated that it will be gazetted Tue (14). The other documents are gazetted.