CHAPTER VI TRANSACTIONS

SECTION 1 Allocation and issue of allowances

Article 39Issuance of Chapter III allowances

1.After the national allocation plan table has been entered into the EUTL, the national administrator shall, by 28 February of the first year of the 2008-12 period:

(a)transfer an amount of AAUs issued for the 2008-2012 period that is equal to the quantity of Chapter III allowances to be issued from a KP Party holding account to the ETS AAU deposit account;

(b)issue the total quantity of Chapter III allowances set out in the national allocation plan table into its national allowance holding account in the Union registry.

2.Prior to the action referred to in paragraph 1, KP registry administrators shall notify the account ID of the designated ETS AAU deposit account in their KP registry to the Central Administrator.

3.The Union registry shall assign each allowance a unique unit identification code upon their issuance in accordance with paragraph 1.

4.Member States with no KP registry shall not carry out the action under point (a) of paragraph 1.