Commission Delegated Regulation (EU) 2019/1122Show full title

Article 3 U.K. Definitions

For the purposes of this Regulation, the definitions in Article 3 of Regulation (EU) No 1031/2010 and in Article 3 of Commission Delegated Regulation (EU) 2019/331(1) shall apply. The following definitions shall also apply:

(1)

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

(2)

‘national administrator’ means the entity responsible for administering 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 7;

(3)

‘account holder’ means a natural or legal person that holds an account in the Union Registry;

(4)

‘account information’ means all information necessary to open an account or register a verifier, including all information on representatives assigned to them;

(5)

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

(6)

‘verifier’ means a verifier as defined in Article 3(3) of Commission Implementing Regulation (EU) 2018/2067(2);

(7)

‘aviation allowances’ means allowances created pursuant to Article 3c(2) of Directive 2003/87/EC, including allowances, created for the same purpose, stemming from emission trading systems that are linked to the EU ETS under Article 25 of that Directive;

(8)

‘general allowances’ means all other allowances created pursuant to Directive 2003/87/EC, including allowances stemming from emission trading systems that are linked with the EU ETS pursuant to Article 25 of that Directive;

(9)

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

(10)

‘execution’ means the finalisation of a process proposed for execution that may result in completion if all conditions are fulfilled or in termination;

(11)

‘working day’ means any day of the year from Monday to Friday;

(12)

[F1 ‘ transaction ’ means a process in the Union Registry that involves the transfer of an allowance or an annual emission allocation unit from one account to another account;]

(13)

‘surrender’ means the accounting of an allowance by an operator or aircraft operator against the verified emissions of its installation or aircraft;

(14)

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

(15)

‘money laundering’ means money laundering as defined in Article 1(3) of Directive (EU) 2015/849;

(16)

‘serious crime’ means serious crime as defined in Article 3(4) of Directive (EU) 2015/849;

(17)

‘terrorist financing’ means terrorist financing as defined in Article 1(5) of Directive (EU) 2015/849;

(18)

‘directors’ means the persons discharging managerial responsibilities as defined in Article 3(1) point (25) of Regulation (EU) No 596/2014;

(19)

‘parent undertaking’ means parent undertaking as defined in Article 2(9) of Directive 2013/34/EU of the European Parliament and of the Council(3);

(20)

‘subsidiary undertaking’ means subsidiary undertaking as defined in Article 2(10) of Directive 2013/34/EU;

(21)

‘group’ means group as defined in Article 2(11) of Directive 2013/34/EU;

(22)

‘central counterparty’ means central counterparty as defined in Article 2(1) of Regulation (EU) No 648/2012 of the European Parliament and of the Council(4);

(23)

[F2 ‘ ESR compliance period ’ means the period from 1 January 2021 to 31 December 2030 during which the Member States are to limit their greenhouse gas emissions pursuant to Regulation (EU) 2018/842;

(24)

‘ annual emission allocation unit ’ means a subdivision of a Member State's annual emission allocation determined pursuant to Article 4(3) and Article 10 of Regulation (EU) 2018/842 equal to 1 tonne of carbon dioxide equivalent.]

Textual Amendments

F1 Substituted by Commission Delegated Regulation (EU) 2019/1124 of 13 March 2019 amending Delegated Regulation (EU) 2019/1122 as regards the functioning of the Union Registry under Regulation (EU) 2018/842 of the European Parliament and of the Council.

F2 Inserted by Commission Delegated Regulation (EU) 2019/1124 of 13 March 2019 amending Delegated Regulation (EU) 2019/1122 as regards the functioning of the Union Registry under Regulation (EU) 2018/842 of the European Parliament and of the Council.

(1)

Commission Delegated Regulation (EU) 2019/331 of 19 December 2018 determining transitional Union-wide rules for harmonised free allocation of emission allowances pursuant to Article 10a of Directive 2003/87/EC of the European Parliament and of the Council (OJ L 59, 27.2.2019, p. 8).

(2)

Commission Implementing Regulation (EU) 2018/2067 of 19 December 2018 on the verification of data and on the accreditation of verifiers pursuant to Directive 2003/87/EC of the European Parliament and of the Council (OJ L 334, 31.12.2018, p. 94).

(3)

Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings, amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC (OJ L 182, 29.6.2013, p. 19).

(4)

Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (OJ L 201, 27.7.2012, p. 1).