These Regulations are made under section 292 of the Energy Act 2023 (c. 52) which enables the Secretary of State to make regulations providing for the establishment, operation and management of one or more marine recovery funds (“MRF”). An MRF is a fund into which payments may be made in respect of activities in connection with offshore wind electricity generation and out of which payments may be made towards expenditure on measures to compensate for adverse environmental effects of such activities (“measures”).