Amendment of regulation 9
37.—(1) Regulation 9 (power of the Administrator to require further information or evidence) is amended as follows.
(2) In paragraph (1)—
(a)for “8” substitute “8(1)”;
(b)after “reporting requirement” insert “or a GHG reduction obligation”;
(c)for “information or produce” to the end, substitute “evidence or information to the Administrator as may be necessary to satisfy the Administrator as to whether the account holder is subject, or is likely to become subject, to the GHG reporting requirement or a GHG reduction obligation.”.
(3) After paragraph (1), insert—
“(1A) Where the Administrator has reason to believe that an account holder for whom an account has been established under regulation 8(1A) is holding that account for a purpose other than trading or investing in GHG credits, the Administrator may require the account holder to provide such evidence or information to the Administrator as may be necessary to satisfy the Administrator as to whether the account holder holds the account for the purpose of trading or investing in GHG credits.”.