Commission Regulation (EC) No 2216/2004 of 21 December 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and of the Council and Decision No 280/2004/EC of the European Parliament and of the Council (Text with EEA relevance) (repealed) (c. 2216)

CHAPTER V U.K. TRANSACTIONS

SECTION 5 U.K. Surrender of allowances

Article 52 U.K. Surrender of allowances

An operator shall surrender allowances for an installation by requesting or, where provided in Member State legislation, be deemed to have requested, the registry administrator to:

(a)

transfer a specified number of allowances for a specified year from the relevant operator holding account into the Party holding account of that registry;

(b)

enter the number of transferred allowances into the section of the surrendered allowance table designated for that installation for that year.

The transfer and entry shall take place in accordance with the allowance surrender process set out under Annex IX.