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Guidance on change of ownership in hazardous facilities

Source(s):  Organisation for Economic Co-operation and Development (OECD)

This guidance is a high level document prepared as part of the OECD Chemical Accidents Programme.

It aims to:

• Raise awareness that ownership change is not just a business affair but can be associated with an increase in risk at a facility;

• Give general principles for supporting a safe ownership change that are accessible to a non-technical audience;

• Give a framework to assist all stakeholders in identifying, understanding and minimising the main risk drivers before, during and after a change of ownership at a hazardous facility; 

• Support stakeholders involved in ownership change in identifying the main questions necessary to help make the change of ownership a better informed and transparent process with the goal of preventing potential accidents associated with ownership change;

• Complement the OECD Guiding Principles for Chemical Accident Prevention, Preparedness and Response.

For the purpose of this guidance, a hazardous facility is one that uses, stores, processes or produces dangerous substances and has the potential to cause a chemical accident that could result in serious harm to human health, the environment or property.

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  • Guidance on change of ownership in hazardous facilities
  • Publication date 2018
  • Number of pages 45 p.

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