The Greenhouse Gas Emissions Trading Scheme (Amendment) (No. 2) Order 2025

Schedule 5A amended (registry) U.K.

29.—(1) Schedule 5A is amended as follows.

Paragraph 34 amended (information about transfers of allowances)

(2) In paragraph 34—

(a) for sub-paragraph (1) substitute—

“(1) The UK ETS authority must publish the information referred to in sub-paragraph (1A) about each completed transfer of allowances from one account to another (other than a transfer from a central account to another central account).

(1A) The information is—

(a) the name of the account holder, type of account and unique account identifier of the account from which the allowances are transferred;

(b) the name of the account holder, type of account and unique account identifier of the account to which the allowances are transferred;

(c) the number of allowances transferred;

(d) which one of the following categories the transfer falls into—

(i) a transfer from the allocation account (free allocation under Part 4A);

(ii) the reversal of a transfer from the allocation account (see paragraph 22(6));

(iii) the return of allowances to which a person is not entitled (as set out in article 34S(3) or 34T(3)) in accordance with a notice under article 34U or 34V or returned voluntarily without the need for such a notice to be given;

(iv) a transfer to the auction delivery account;

(v) the return of allowances transferred in error under the Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021(1) (see regulation 48 of those Regulations);

(vi) a transfer of allowances following the grant of an application to transfer a greenhouse gas emissions permit (see paragraph 12);

(vii) a transfer to the deletion account (see paragraph 23);

(viii) the reversal of a transfer to the deletion account (see paragraph 22(2));

(ix) a transfer to the surrender account (see paragraph 24);

(x) the reversal of a transfer to the surrender account (see paragraph 22(3));

(xi) a transfer of allowances from an account to be closed (see paragraph 30);

(xii) any other transfer of allowances;

(e) the date and time when the transfer completed;

(f) the reference for the transfer used in the registry.

(1B) The unique account identifier of an account that is required to be published under sub-paragraph (1A) must not be the account number or an identifier from which the account number can be derived.”;

(b) omit sub-paragraph (4);

(c) after sub-paragraph (3) insert—

“(5) This paragraph is subject to article 75C (national security).”.

Commencement Information

I1 Art. 29 in force at 31.3.2025, see art. 2

(1)

S.I. 2021/484, amended by S.I. 2021/513, 2021/561, 2021/917, 2023/994 and 2024/1366.