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

‘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;

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

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

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

‘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;

‘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;

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

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

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

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;

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

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

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

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

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

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

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

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

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;

‘ 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.