http://www.legislation.gov.uk/eur/2013/389/title/II/chapter/2Commission 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)Commission Regulation (EU) No 389/2013Commission 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)King's Printer of Acts of Parliamenthttps://webarchive.nationalarchives.gov.uk/eu-exit/https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02013R0389-20201214texttext/xmlen2024-06-20Expert Participation2021-05-01 TITLE II<Strong><Substitution ChangeId="key-6290963411a8b79d3c825aec93103031-1690471236212" CommentaryRef="key-6290963411a8b79d3c825aec93103031">PROVISIONS FOR THE REGISTRY</Substitution></Strong>CHAPTER 2<Strong><Emphasis>Transactions</Emphasis></Strong>Section 1<Strong><Expanded>General</Expanded></Strong>Article 38Only transactions expressly provided for in this Regulation for each account type shall be initiated by that account type.<Substitution ChangeId="key-2883918ce377f55ba55844e53ebc8eb5-1690889012968" CommentaryRef="key-2883918ce377f55ba55844e53ebc8eb5">Execution of transfers</Substitution>Article 391For 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.2If 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.<Substitution ChangeId="M_F_6f55f297-3cbc-4a1b-9f00-d5b35efc36c5-1690889165348" CommentaryRef="M_F_6f55f297-3cbc-4a1b-9f00-d5b35efc36c5">Nature of Kyoto units and finality of transactions</Substitution>Article 401The 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.2Any 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.3Subject 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.4A 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.Section 2<Strong><Expanded>Creation of allowances</Expanded></Strong>Creation of allowancesArticle 41. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Section 3<Strong><Expanded>Account transfers before auctions and allocation</Expanded></Strong>Transfer of general allowances to be auctionedArticle 42. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Transfer of general allowances to be allocated free of chargeArticle 43. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Transfer of general allowances for the new entrant reserveArticle 44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Transfer of aviation allowances to be auctionedArticle 45. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Transfer of aviation allowances to be allocated free of chargeArticle 46. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Transfer of aviation allowances to the special reserveArticle 47. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Transfer of general allowances to the EU Total Quantity-AccountArticle 48. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Transfer of aviation allowances to the EU Aviation Total Quantity AccountArticle 49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Deletion of aviation allowancesArticle 50. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Section 4<Strong><Expanded>Allocation to stationary installations</Expanded></Strong>Entry of national allocation tables into the EUTLArticle 51. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Changes to the national allocation tablesArticle 52. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Free allocation of general allowancesArticle 53. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Section 5<Strong><Expanded>Allocation to aircraft operators</Expanded></Strong>Entry of national aviation allocation tables into the EUTLArticle 54. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Changes to the national aviation allocation tablesArticle 55. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Free allocation of aviation allowancesArticle 56. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Return of aviation allowancesArticle 57. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Section 6<Strong><Expanded>Use of CERs and ERUs</Expanded></Strong>International credit holdings in the Union RegistryArticle 58. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Entry of international credit entitlement tables into the EUTLArticle 59. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Use of international credits through allowance exchangeArticle 60. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Calculation of remaining international credit entitlementArticle 61. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Section 7<Strong><Expanded>Auction</Expanded></Strong>Entry of auction tables into the EUTLArticle 62. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Changes to the auction tablesArticle 63. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Auctioning of allowancesArticle 64. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Section 8<Strong><Expanded>Trading</Expanded></Strong><Substitution ChangeId="key-1dfe612f70e6a270df0da195995fe8ec-1690889432289" CommentaryRef="key-1dfe612f70e6a270df0da195995fe8ec">Transfers of Kyoto units initiated by an account holder</Substitution>Article 65The 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.Transfers of allowances or Kyoto units initiated by a trading accountArticle 66. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Section 9<Strong><Expanded>Surrender of allowances</Expanded></Strong>Surrender of allowancesArticle 67. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Section 10<Strong><Expanded>Deletion of allowances and cancellation of Kyoto units</Expanded></Strong>Deletion of allowancesArticle 68. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .<Substitution ChangeId="key-aafd2d5c58ce963408f02be1f9af9f0a-1690889580876" CommentaryRef="key-aafd2d5c58ce963408f02be1f9af9f0a">Cancellation of Kyoto units</Substitution>Article 69The 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.Section 11<Strong><Expanded>Transaction reversal</Expanded></Strong>Reversal of finalised processes initiated in errorArticle 70. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Arts. 41-64 omitted (1.5.2021) by virtue of The Greenhouse Gas Emissions (Kyoto Protocol Registry) Regulations 2021 (S.I. 2021/511), regs. 1, 5(5)Arts. 66-68 omitted (1.5.2021) by virtue of The Greenhouse Gas Emissions (Kyoto Protocol Registry) Regulations 2021 (S.I. 2021/511), regs. 1, 5(7)Title 2 heading substituted (1.5.2021) by The Greenhouse Gas Emissions (Kyoto Protocol Registry) Regulations 2021 (S.I. 2021/511), regs. 1, 5(2)Arts. 39, 40 substituted (1.5.2021) by The Greenhouse Gas Emissions (Kyoto Protocol Registry) Regulations 2021 (S.I. 2021/511), regs. 1, 5(4)Arts. 39, 40 substituted (1.5.2021) by The Greenhouse Gas Emissions (Kyoto Protocol Registry) Regulations 2021 (S.I. 2021/511), regs. 1, 5(4)Art. 65 substituted (1.5.2021) by The Greenhouse Gas Emissions (Kyoto Protocol Registry) Regulations 2021 (S.I. 2021/511), regs. 1, 5(6)Art. 69 substituted (1.5.2021) by The Greenhouse Gas Emissions (Kyoto Protocol Registry) Regulations 2021 (S.I. 2021/511), regs. 1, 5(8)Art. 70 omitted (1.5.2021) by virtue of The Greenhouse Gas Emissions (Kyoto Protocol Registry) Regulations 2021 (S.I. 2021/511), regs. 1, 5(9)