Commission Regulation (EU) No 920/2010 (repealed)Show full title

CHAPTER I SUBJECT MATTER AND DEFINITIONS

Article 1 Subject matter

This Regulation lays down general as well as operational and maintenance requirements concerning the standardised and secured registries system consisting of registries, and the independent transaction log provided for in Article 20(1) of Directive 2003/87/EC and Article 6 of Decision No 280/2004/EC. It also provides for a communication system between the registries system and the International Transaction Log established, operated and maintained by the Secretariat of the United Nations Framework Convention on Climate Change (UNFCCC).

Article 2 Definitions

For the purposes of this Regulation, the definitions laid down in Article 3 of Directive 2003/87/EC shall apply. The following definitions shall also apply:

1.

‘account holder’ means a person who holds an account in the registries system;

2.

‘Central Administrator’ means the person designated by the Commission pursuant to Article 20 of Directive 2003/87/EC;

3.

‘competent authority’ means the authority or authorities designated by a Member State pursuant to Article 18 of Directive 2003/87/EC;

4.

‘KP Party’ means a Party to the Kyoto Protocol;

5.

‘trading platform’ is any type of multilateral exchange that brings together or facilitates the bringing together of multiple third-party buying and selling interests as defined in Article 4 of Directive 2004/39/EC of the European Parliament and of the Council(1), where the interests bought and sold are in allowances or Kyoto units;

6.

‘verifier’ means a verifier as defined in Annex I(5)(m) to Commission Decision 2007/589/EC(2);

7.

‘Assigned Amount Units’ or ‘AAUs’ are units issued pursuant to Article 7(3) of Decision No 280/2004/EC;

8.

‘Chapter II allowances’ are allowances issued under Chapter II of Directive 2003/87/EC;

9.

‘Chapter III allowances’ are all allowances not issued under Chapter II of Directive 2003/87/EC;

10.

‘long-term CERs’ or ‘lCERs’ are units issued for an afforestation or reforestation project activity under the CDM which, subject to Decision 5/CMP.1 of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol, expires at the end of the emission reduction crediting period of the afforestation or reforestation project activity under the CDM for which it was issued;

11.

‘Removal Units’ or ‘RMUs’ are units issued pursuant to Article 3 of the Kyoto Protocol;

12.

‘temporary CERs’ or ‘tCERs’ are units issued for an afforestation or reforestation project activity under the CDM which, subject to Decision 5/CMP.1, expires at the end of the Kyoto Protocol commitment period following the one during which it was issued;

13.

‘process’ means an automated technical means to carry out an action relating to an account or a unit in a registry;

14.

‘transaction’ means a process that includes the transfer of an allowance or Kyoto unit from one account to another account;

15.

‘surrender’ means the accounting of an allowance or a Kyoto unit by an operator or aircraft operator against the verified emissions of her installation or aircraft;

16.

‘cancellation’ means the definitive disposal of a Kyoto unit by its holder without accounting it against verified emissions;

17.

‘deletion’ means the definitive disposal of an allowance by its holder without accounting it against verified emissions;

18.

‘retirement’ means the accounting of a Kyoto unit by a Party to the Kyoto Protocol against the reported emissions of that Party;

19.

‘money laundering’ means the same as defined in Articles 1(2) of Directive 2005/60/EC of the European Parliament and the Council(3);

20.

‘serious crime’ means the same as defined in Article 3(5) of Directive 2005/60/EC;

21.

‘terrorist financing’ means the same as defined in Article 1(4) of Directive 2005/60/EC;

22.

‘registry administrator’ shall refer to the registry administrator of the Union registry or any other Kyoto Protocol registry;

23.

‘national administrator’ shall refer to the entity responsible for managing on behalf of a Member State a set of user accounts under the jurisdiction of a Member State in the Union registry, designated in accordance with Article 6;

24.

‘administrator of an account’ shall refer to the administrator determined for a particular type of account in the third column of Table I-I in Annex I.

(1)

OJ L 145, 30.4.2004, p. 1.

(2)

OJ L 229, 31.8.2007, p. 1.

(3)

OJ L 309, 25.11.2005, p. 15.