TITLE IGENERAL PROVISIONS

CHAPTER 3 Accounts

Section 2 Opening and updating accounts

Article 23Trusted account list

1.

Accounts in the Union Registry may have a trusted account list.

2.

Accounts held by the same account holder and administered by the same national administrator shall be automatically included on the trusted account list.

3.

The EU Allocation Account and the Union Deletion Account shall be automatically included on the trusted account list

4.

Changes to the trusted account list shall be proposed for execution and finalised through the procedure set out in Article 35. The change shall be initiated and approved by two authorised representatives entitled to initiate and approve processes respectively. The execution of the proposed change shall be immediate for the deletion of accounts from the trusted account list. For all other changes to the trusted account list the execution shall take place at 12.00 Central European Time (CET) on the fourth working day following the proposal.