CHAPTER IV CHECKS AND PROCESSES

SECTION 3 Execution and finalisation of processes

Article 31 Processes

1. Registries shall be capable of completing the following types of processes:

(a) processes concerning account management:

(i)

account creation process;

(ii)

account update process;

(iii)

account closure process;

(b) processes concerning verified emissions:

(i)

verified emissions entry process;

(ii)

verified emissions update process;

(c) the data reconciliation process;

(d) processes concerning transactions for generating allowances or Kyoto units:

(i)

issuance of Kyoto units process;

(ii)

issuance of allowances process;

(iii)

correction to allowances process;

(e) other processes concerning allowances:

(i)

allowance allocation process;

(ii)

allowance deletion process;

(iii)

allowance surrendering process;

(iv)

internal transfer of allowances process;

(v)

external transfer of allowances process;

(vi)

allowance banking process;

(vii)

adding AAUs to banked allowances process;

(f) other processes concerning Kyoto units:

(i)

cancellation of Kyoto units process;

(ii)

surrender of CERs and ERUs process;

(iii)

internal transfer of Kyoto units process;

(iv)

external transfer of Kyoto units process;

(v)

clearing of allowance transfers with AAUs process;

(vi)

transfer of AAUs before retirement or cancellation process;

(vii)

retirement of Kyoto units process;

(g) processes concerning the entry and update of national allocation plan tables:

(i)

national allocation plan table entry process;

(ii)

national allocation plan table update for closure process;

(iii)

national allocation plan table new entrant update process;

(iv)

national allocation plan table revision update process;

(v)

national allocation plan table replenishment of reserve process;

(h) transaction reversal process;

(i) registry functions testing process.

2. Each registry shall be capable of completing the processes in accordance with the complete message exchange sequence and the format and informational requirements described using web service description language described for that particular process in the Data Exchange Format referred to in Article 9.

Each registry shall be capable of fulfilling notifications sent by the CITL in accordance with the Data Exchange Format referred to in Article 9.

3. The registry administrator shall assign to each process a unique process identification code.