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Commission Regulation (EC) No 994/2008 (repealed)Show full title
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and of the Council and Decision No 280/2004/EC of the European Parliament and of the Council (Text with EEA relevance) (repealed)
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Article 18Closure of person holding accounts
1.Within 10 working days of the receipt of an application from an account holder to close its person holding account, the registry administrator shall close the account using the account closure process.
2.If a personal holding account has a zero balance and no transactions have been recorded during a year, the registry administrator may notify the account holder that the person holding account shall be closed within 60 calendar days unless the registry administrator receives within that period a request from the account holder that the personal holding account be maintained. If the registry administrator does not receive any such request from the account holder, it shall close the account using the account closure process.
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