The Greenhouse Gas Emissions Trading Scheme Order 2020

[F1RegistryU.K.

This section has no associated Explanatory Memorandum

5.—(1) The UK ETS authority must establish an electronic system (the “registry”) for the purposes of the UK ETS, in particular, to keep track of—

(a)operators of installations and aircraft operators participating in the UK ETS;

(b)allowances held by persons and the allocation and transfer of allowances;

(c)reportable emissions of installations and aviation emissions of aircraft operators;

(d)the surrender of allowances by operators and aircraft operators in accordance with articles 27 and 34.

(2) The UK ETS authority must ensure that the registry is established so as to allow for—

(a)the following types of account in which allowances may be held—

(i)central accounts (see paragraph 9);

(ii)an auction delivery account (see paragraph 10);

(iii)operator holding accounts for installations (see paragraph 11);

(iv)aircraft operator holding accounts (see paragraph 13);

(v)trading accounts (see paragraph 14);

(b)individuals to be appointed as authorised representatives for accounts with access to the registry to perform actions in relation to accounts on behalf of account holders.]

Textual Amendments