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Commission Regulation (EU) No 389/2013Show full title

Commission Regulation (EU) No 389/2013 of 2 May 2013 establishing a Union Registry pursuant to Directive 2003/87/EC of the European Parliament and of the Council, Decisions No 280/2004/EC and No 406/2009/EC of the European Parliament and of the Council and repealing Commission Regulations (EU) No 920/2010 and No 1193/2011 (Text with EEA relevance)

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TITLE IIU.K.[F1PROVISIONS FOR THE REGISTRY]

F2CHAPTER 1U.K.Verified emissions and compliance

F2Article 35U.K.Verified emissions data for an installation or aircraft operator

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F2Article 36U.K.Blocking of accounts due to a failure to submit verified emissions

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F2Article 37U.K.Calculation of compliance status figures

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Textual Amendments

CHAPTER 2U.K.Transactions

Section 1U.K.General

Article 38U.K.

Only transactions expressly provided for in this Regulation for each account type shall be initiated by that account type.

[F3Article 39U.K.Execution of transfers

1.For all transactions specified in this Chapter, an out of band confirmation must be required by the Registry before the transaction can be initiated. A transaction may only be initiated where an authorised representative has confirmed the transaction out of band.

2.If an account representative suspects that a transfer was initiated fraudulently, the account representative may request the national administrator to cancel the transfer on behalf of the account representative before the transfer is communicated for finalisation.]

Textual Amendments

[F4Article 40U.K.Nature of Kyoto units and finality of transactions

1.The record of the Registry constitutes sufficient evidence of title over a Kyoto unit and of any other matter which is by this Regulation directed or authorised to be recorded in the Registry.

2.Any recovery or restitution obligations that may arise under United Kingdom law in respect of a Kyoto unit only apply to the Kyoto unit in kind.

3.Subject to this paragraph, a transaction is final and irrevocable upon its finalisation pursuant to Article 104. Except where a transaction may be reversed in accordance with relevant international climate law, and without prejudice to any provision of or remedy under United Kingdom law that may result in a requirement or order to execute a new transaction in the Registry, the national administrator may not reverse or revoke any transaction that has become final and irrevocable under this Regulation.

4.A purchaser and holder of a Kyoto unit acting in good faith acquires title to that Kyoto unit free of any defects in the title of the transferor.]

Textual Amendments

Section 2U.K.Creation of allowances

F5Article 41U.K.Creation of allowances

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Textual Amendments

Section 3U.K.Account transfers before auctions and allocation

F5Article 42U.K.Transfer of general allowances to be auctioned

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F5Article 43U.K.Transfer of general allowances to be allocated free of charge

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F5Article 44U.K.Transfer of general allowances for the new entrant reserve

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F5Article 45U.K.Transfer of aviation allowances to be auctioned

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F5Article 46U.K.Transfer of aviation allowances to be allocated free of charge

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F5Article 47U.K.Transfer of aviation allowances to the special reserve

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F5Article 48U.K.Transfer of general allowances to the EU Total Quantity-Account

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F5Article 49U.K.Transfer of aviation allowances to the EU Aviation Total Quantity Account

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F5Article 50U.K.Deletion of aviation allowances

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Textual Amendments

Section 4U.K.Allocation to stationary installations

F5Article 51U.K.Entry of national allocation tables into the EUTL

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Textual Amendments

F5Article 52U.K.Changes to the national allocation tables

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F5Article 53U.K.Free allocation of general allowances

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Section 5U.K.Allocation to aircraft operators

F5Article 54U.K.Entry of national aviation allocation tables into the EUTL

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Textual Amendments

F5Article 55U.K.Changes to the national aviation allocation tables

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Textual Amendments

F5Article 56U.K.Free allocation of aviation allowances

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F5Article 57U.K.Return of aviation allowances

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Textual Amendments

Section 6U.K.Use of CERs and ERUs

F5Article 58U.K.International credit holdings in the Union Registry

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Textual Amendments

F5Article 59U.K.Entry of international credit entitlement tables into the EUTL

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Textual Amendments

F5Article 60U.K.Use of international credits through allowance exchange

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Textual Amendments

F5Article 61U.K.Calculation of remaining international credit entitlement

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Textual Amendments

Section 7U.K.Auction

F5Article 62U.K.Entry of auction tables into the EUTL

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Textual Amendments

F5Article 63U.K.Changes to the auction tables

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Textual Amendments

F5Article 64U.K.Auctioning of allowances

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Textual Amendments

Section 8U.K.Trading

[F6Article 65U.K.Transfers of Kyoto units initiated by an account holder

The Secretary of State must ensure that the Registry provides for the carrying out of any request from an account holder to transfer Kyoto units to any other account, unless such a transfer is prevented by the status of the initiating or receiving account.]

Textual Amendments

F7Article 66U.K.Transfers of allowances or Kyoto units initiated by a trading account

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Textual Amendments

Section 9U.K.Surrender of allowances

F7Article 67U.K.Surrender of allowances

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Textual Amendments

Section 10U.K.Deletion of allowances and cancellation of Kyoto units

F7Article 68U.K.Deletion of allowances

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Textual Amendments

[F8Article 69U.K.Cancellation of Kyoto units

The Secretary of State must ensure that the Registry provides for the carrying out of any request from an account holder to cancel Kyoto units held in its accounts by transferring a specified type and number of Kyoto units from the relevant account into the cancellation account of the Registry.]

Textual Amendments

Section 11U.K.Transaction reversal

F9Article 70U.K.Reversal of finalised processes initiated in error

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Textual Amendments

CHAPTER 3U.K.Links with other geenhouse gas emission trading schemes

F10Article 71U.K. Implementation of linking arrangements

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Textual Amendments

Textual Amendments

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