F1TITLE IIA SPECIFIC PROVISIONS FOR ACCOUNTING TRANSACTIONS UNDER REGULATIONS (EU) 2018/842 AND (EU) 2018/841

CHAPTER 1 Transactions under Regulation (EU) 2018/842

Article 59jBanking of AEAs

The central administrator shall ensure that, upon request of a Member State, the Union Registry carries out a transfer of AEAs from that Member State's ESR Compliance Account for a given year of the compliance period to its ESR Compliance Account for any of the following years of the compliance period. Such transfer shall not be carried out in any of the following cases:

  1. (a)

    the Member State's request is submitted before the calculation of the balance of the ESR Compliance Account for the given year;

  2. (b)

    in respect of the year 2021, the requested amount exceeds the positive balance of the account as calculated pursuant to Article 59e;

  3. (c)

    in respect of the years 2022 to 2029, the requested amount exceeds the positive balance of the account as calculated pursuant to Article 59e of this Regulation or 30 % of that Member State's' cumulative annual emission allocations up to that year, as determined pursuant to Article 4(3) and Article 10 of Regulation (EU) 2018/842;

  4. (d)

    the status of the ESR Compliance Account initiating the transfer does not allow the transfer.