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CHAPTER IIREGISTRIES AND TRANSACTION LOGS

Article 8Registry administrators

1.Each Member State and the Commission shall designate a registry administrator to operate and maintain its registry in accordance with the provisions of this Regulation. The registry administrator of the Community registry shall be the Central Administrator.

2.Member States and the Commission shall ensure that there is no conflict of interest between the registry administrator and its account holders or between the registry administrator and the Central Administrator.

3.Each Member State shall notify the Commission of the identity and contact details of the registry administrator for its registry.

4.The Member States and the Commission shall retain ultimate responsibility and authority for the operation and maintenance of their registries.

5.The Commission shall coordinate the implementation of the requirements of this Regulation with the registry administrators of each Member State and the Central Administrator. In particular, the Commission shall regularly convene the registry adminstrators' working group to consult them on issues and procedures related to the operation of registries and the implementation of this Regulation. The registry administrators' working group shall agree on common operational procedures for the implementation of this Regulation. Rules of procedure for the registry administrators' working group shall be adopted by the Climate Change Committee.