[F1Article 48a U.K. Allocation of allowances following their sale by Member State
If instructed to do so by the competent authority following a sale of allowances held by a Member State, the registry administrator shall transfer a quantity of allowances from the Party holding account to the person holding account or operator holding account of the buyer of allowances.
Allowances transferred within the same registry shall be transferred in accordance with the ‘ internal transfer ’ process set out in Annex IX. Allowances transferred from one registry to another will be transferred in accordance with the ‘ external transfer (2008 to 2012 onwards) ’ process set out in Annex IX.]
Textual Amendments
F1 Inserted by Commission Regulation (EC) No 916/2007 of 31 July 2007 amending Regulation (EC) No 2216/2004 for a standardised and secured system of registries pursuant to Directive 2003/87/EC of the European Parliament and of the Council and Decision No 280/2004/EC of the European Parliament and of the Council (Text with EEA relevance).