This Regulation lays down general as well as operational and maintenance requirements concerning the standardised and secured registries system consisting of registries, and the Community independent transaction log provided for in Article 20(1) of Directive 2003/87/EC, hereinafter ‘CITL’. It also provides for a communication system between the CITL and the independent transaction log established, operated and maintained by the Secretariat of the United Nations Framework Convention on Climate Change (UNFCCC), hereinafter ‘ITL’.
For the purposes of this Regulation, the definitions laid down in Article 3 of Directive 2003/87/EC shall apply. The following definitions shall also apply:
‘2005-07 period’ means the period from 1 January 2005 to 31 December 2007 as referred to in Article 11(1) of Directive 2003/87/EC;
‘2008-12 period’ and ‘subsequent periods’ mean the period from 1 January 2008 to 31 December 2012 and consecutive periods as referred to in Article 11(2) of Directive 2003/87/EC, respectively;
‘account holder’ means a person who holds an account in the registries system;
‘assigned amount unit’ (AAU) means a unit issued pursuant to Article 7(3) of Decision No 280/2004/EC or by a Party to the Kyoto Protocol;
‘assigned amount’ means the amount of greenhouse gas emissions in tonnes of carbon dioxide equivalent calculated in accordance with the emission levels determined pursuant to Article 7 of Decision No 280/2004/EC;
‘CDM registry’ means the clean development mechanism registry established, operated and maintained by the executive board of the clean development mechanism pursuant to Article 12 of the Kyoto Protocol and Decision 3/CMP.1 of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol;
‘Central Administrator’ means the person designated by the Commission pursuant to Article 20 of Directive 2003/87/EC;
‘Chapter VI allowances’ mean allowances issued by Chapter VI registries;
‘Chapter VI registry’ means a registry operated by a Member State that is not able to issue AAUs due to reasons other than being determined to be ineligible to transfer ERUs, AAUs and CERs in accordance with the provisions of Decision 11/CMP.1 of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol;
‘competent authority’ means the authority or authorities designated by a Member State pursuant to Article 18 of Directive 2003/87/EC;
‘Kyoto unit’ means an AAU, RMU, ERU or CER;
‘long-term CER’ (lCER) is a CER issued for an afforestation or reforestation project activity under the CDM which, subject to Decision 5/CMP.1 of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol, expires at the end of the emission reduction crediting period of the afforestation or reforestation project activity under the CDM for which it was issued;
‘registry’ means a registry established, operated and maintained pursuant to Article 6 of Decision No 280/2004/EC and Article 19 of Directive 2003/87/EC;
‘removal unit’ (RMU) means a unit issued pursuant to Article 3 of the Kyoto Protocol;
‘standard allowances’ mean allowances issued by registries that are not Chapter VI registries;
‘temporary CER’ (tCER) is a CER issued for an afforestation or reforestation project activity under the CDM which, subject to Decision 5/CMP.1, expires at the end of the Kyoto Protocol commitment period following the one during which it was issued;
‘third country registry’ means a registry established, operated and maintained by a governmental entity outside the European Economic Area;
‘transaction’ means a process concerning the issuance, conversion, transfer, cancellation, replacement, retirement, carry-over or expiry date change of a Kyoto unit, or a process described in points (d) and (e) of Article 31(1) concerning an allowance;
‘verifier’ means a verifier as defined in Annex I(5)(m) of Commission Decision 2007/589/EC(1).