Commission Regulation (EC) No 994/2008 of 8 October 2008 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and of the Council and Decision No 280/2004/EC of the European Parliament and of the Council (Text with EEA relevance) (repealed) (c. 994)

CHAPTER V U.K. TRANSACTIONS

SECTION 5 U.K. Deletion of allowances and cancellation of Kyoto units

Article 53 U.K. Deletion of allowances

The registry administrator shall carry out any request from an account holder pursuant to Article 12(4) of Directive 2003/87/EC to delete allowances held in the accounts of the account holder using the allowance deletion process by:

(a)

transferring a specified number of allowances from the relevant account into the national allowance deletion account of that registry; and

(b)

recording the number of transferred allowances as deleted for the current year.

Article 54 U.K. Cancellation of Kyoto units

The registry administrator shall carry out any request from an account holder pursuant to Article 12(4) of Directive 2003/87/EC to cancel Kyoto units held in the accounts of the account holder using the cancellation of Kyoto units process by transferring a specified number of Kyoto units from the relevant account into the cancellation account of that registry.