The new Finnish Waste Act and amendments related to it in the Environmental Protection Act entered into force on 1 May 2012. As part of the overall reform of the Waste Act, provisions on a financial guarantee for waste-related operations under the Waste Act and the Environmental Protection Act were renewed. The Waste Act and Environmental Protection Act stipulate that a financial guarantee to ensure proper waste management is required from
- manufacturers of electrical and electronic equipment used in households;
- waste carriers and suppliers;
- those involved in international waste transfers; and
- entities engaged in waste treatment.
The amended regulations more specifically limit the scope of
approved forms of financial guarantee and indicate those parties
allowed to provide the guarantee.
Ministry of the Environment retained Attorneys at law Borenius Ltd
to draft a guide to instruct operators and authorities in the
application of the renewed provisions on a financial guarantee. The
guide has been published on 29 August and is available in Finnish.
(http://www.ymparisto.fi/default.asp?contentid=418314&lan=fi)
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
