What is the REG Yacht Code?
In 2017, the Red Ensign Group (REG) developed a new regulatory framework for yachts, titled ‘Red Ensign Group Yacht Code’. The code consolidated an updated version of the Large Yacht Code (LY3), and the Passenger Yacht Code (PYC). In 2019, the first edition of this code came into effect.
In January 2024, the Red Ensign Group, led by Cayman, published a new version of the code, which comes into force on 1st July 2024.
The code’s aim is to further develop the well-established industry standards (previously of LY3 & PYC, now the 2019 REG Code), combining the lessons learned from the Red Ensign Group members from almost 20 years of regulating the large yacht sector, since the first version of the Large Yacht Code was published by the Maritime and Coastguard Agency in 1997.
The new code makes larger use of industry best practice and international standards such as ISO, as well as following the IMO’s overarching remit for increased ‘Goal Based Standards’ as a form of regulations, considers conventions to which the code forms equivalences (SOLAS, Load Line & STCW), which allows room for more flexibility and innovation in the design and construction of yachts.
The new Red Ensign Group Yacht Code is one of two parts, with common annexes such as for over-side working systems and helicopter landing areas, enabling builders and designers to continue to recognise the familiar formats of the existing REG Codes. ‘Part A’ continues to be applicable to yachts which are 24 metres and over in load line length, are in commercial use for sport or pleasure, do not carry cargo and do not carry more than 12 passengers. ‘Part B’ is applicable to pleasure yachts of any size, in private use or engaged in trade, which carry more than 12 but not more than 36 passengers and which do not carry cargo.
The new code also has what is known as a ‘retrospective application clause’. This means that there are sections within it that will be applied not just to new vessels, but to existing vessels also that are currently certificated under the existing Large Yacht Code or Passenger Yacht Code, from the first annual survey after 1st July 2024.
We have created a handy guide to help take you through the application of the new Red Ensign Group Yacht Code, and how it affects you. Find and download it and learn how to get your yacht ready for the new changes coming into force in July 2024.
Dohle Yachts have created a short guide to highlight the important updates to the code. You can find it here: REG Code 2024 Guide