Climate Change Act 2008

RegistersU.K.

23(1)The regulations may provide for the creation and maintenance of a register or registers of information relating to a trading scheme and, in particular, for the register or registers to keep track of any of the following—U.K.

(a)the participants in a trading scheme;

(b)any limits on or obligations applying to the participants' activities under the scheme;

(c)any allocation of allowances among the participants;

(d)the allowances, credits, certificates or other units held by the participants or others;

(e)trading in allowances, credits, certificates or other units;

(f)the use by the participants or others of allowances, credits, certificates or other units for the purposes of the scheme;

(g)the cancellation of allowances, credits, certificates or other units;

(h)permits held by the participants, and any conditions attached to those permits.

(2)The regulations may, in particular, provide for the establishment and maintenance of accounts in which allowances, credits, certificates or other units may be held by the participants, the administrator or others and between which they may be transferred.

(3)The regulations may provide for the same register to operate in relation to more than one trading scheme.

(4)The regulations may make provision for the disclosure of information held in or derived from a register relating to a trading scheme—

(a)for the purposes of the administration of another trading scheme for which provision is made by regulations under this Part of this Act, or

(b)for the purposes of the administration of any other trading scheme (at United Kingdom, European or international level) relating to greenhouse gas emissions.