NEB regulation is focused on outcomes and is as specific as necessary:
- It starts by defining the safety and security, environmental protection and economic efficiency outcomes to be achieved. This approach requires regulated companies to determine the means to achieve the outcomes to effectively manage risk. This approach also encourages innovation and the use of the most appropriate technology.
- It then sets the necessary management processes, operational standards and reporting requirements to achieve the desired outcomes.
Management System Approach in NEB Regulations
The NEB expects that companies systematically manage their regulated facilities for safety, security and protection of the environment. A “management system” includes the necessary organizational structures, resources, accountabilities, policies, processes and procedures for an organization to fulfil all tasks related to safety, security and environmental protection.
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