PART 6Allowances and CRC emissions

Allowances and trading55

1

Subject to paragraphs (2) and (3), the administrator must maintain a record in respect of an allowance which shows—

a

the year in which it was issued;

b

the allocation in which it was issued;

c

the date of issue;

d

to whom it was issued;

e

the account in which it is held from time to time;

f

transfers of it;

g

when it is cancelled.

2

Trading in allowances is permitted by participants and third parties to enable participants to comply with article 53(1).

3

This article does not apply to Community tradeable emissions allowances.