CHAPTER VI TRANSACTIONS

SECTION 4 Deletion of allowances and cancellation of Kyoto units

Article 50Cancellation of Kyoto units

The Union registry shall carry out any request from an account holder pursuant to Article 12(4) of Directive 2003/87/EC to cancel Kyoto units held in the accounts of the account holder by transferring a specified type and number of Kyoto units from the relevant account into the cancellation account of the account administrator's KP registry.