Investor Presentaiton

REGULATORY EFFECTIVENESS FINDINGS Complex regulatory system - several different organizations Distribution of regulatory authority decision making was unclear Some practices were not in line with international best practices Inspection program was overly limited in scope and influence Periodic safety reviews lacked effective regulatory oversight OBSERVATIONS AND LESSONS Where several bodies have responsibilities for safety, government coordination is needed Clear lines of authority and decision making ability so that all stakeholders understand the process Regulator needs an effective inspection program and effective enforcement authority + access to independent technical expertise IAEA

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