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TITLE IU.K.COMMON GENERAL PROVISIONS

CHAPTER 3U.K.Accounts

Section 3U.K.Closure of accounts

Article 32U.K.Positive balance on accounts under closure

1.If there is a positive balance of F1... Kyoto units on an account which [F2the national administrator] is to close in accordance with [F3Article 27], [F4the national administrator] [F5must] request the account holder to specify another account to which such F1... Kyoto units shall be transferred. If the account holder has not responded to [F6the national administrator’s] request within 40 working days, [F4the national administrator] [F5must] transfer the F7... Kyoto units to [F8a party holding account].

2.If there is a positive balance of F9... Kyoto units on an account to which access was suspended in accordance with Article 34, the [F10Secretary of State] may require that the F11... Kyoto units are transferred immediately to [F12a party holding account].

Textual Amendments