CHAPTER V VERIFIED EMISSIONS AND COMPLIANCE

Article 32Inactive aircraft operator holding accounts

1.If, by the deadline set out in Article 12(2a) of Directive 2003/87/EC for surrendering allowances, a verified emissions value of 0 is entered in the Union registry for an aircraft operator for the previous year in accordance with Article 29, the Union registry shall set the corresponding aircraft operator holding account to inactive status.

2.The Union registry shall set the account to open status when the verified emissions value for year before the current year is not 0.