prop · GS0318 · 2004-09-28 00:00:00 — Prior to and during the execution of all processes the registry administrator shall ensure that appropriate automated checks are conducted within the registry, in order to detect discrepancies and thereby terminate processes in advance of automated checks being conducted by the Community independent transaction log or UNFCCC independent transaction log. SECTION 3 EXECUTION AND FINALISATION OF PROCESSES Each process shall follow the complete sequence for message exchanges for that type of process as set out in , , and . Each message shall conform to the format and informational requirements described using web service definitions language as elaborated pursuant to the UNFCCC or the Kyoto Protocol. The registry administrator shall assign to each process referred to in a unique correlation identification code and to each process referred to in a unique transaction identification code. Each such identification code shall comprise the elements set out in . Finalisation of processes concerning accounts and verified emissions All processes referred to in be final when both independent transaction logs successfully inform the initiating registry that they have not detected any discrepancies in the proposal sent by the initiating registry. However, prior to the communication link between the Community independent transaction log and the UNFCCC independent transaction log being established, all processes referred to be final when the Community independent transaction log successfully informs the initiating registry that it has not detected any discrepancies in the proposal sent by the initiating registry. Finalisation of processes concerning transactions within registries All processes referred to in , except the external transfer process, shall be final when both independent transaction logs inform the initiating registry that they have not detected any discrepancies in the proposal sent by the initiating registry and the initiating registry has successfully sent confirmation to both independent transaction logs that it has updated its records in accordance with its proposal. However, prior to the communication link between the Community independent transaction log and the UNFCCC independent transaction log being established, all processes referred to in , except the external transfer process, shall be final when the Community independent transaction log informs the initiating registry that it has not detected any discrepancies in the proposal sent by the initiating registry and the initiating registry has successfully sent confirmation to the Community independent transaction log that it has updated its records in accordance with its proposal. Finalisation of the external transfer process The external transfer process shall be final when both independent transaction logs inform the acquiring registry that they have not detected any discrepancies in the proposal sent by the initiating registry and the acquiring registry has successfully sent confirmation to both independent transaction logs that it has updated its records in accordance with the initiating registrys proposal. However, prior to the communication link between the Community independent transaction log and the UNFCCC independent transaction log being established, the external transfer process shall be final when the Community independent transaction log informs the acquiring registry that it has not detected any discrepancies in the proposal sent by the initiating registry and the acquiring registry has successfully sent confirmation to the Community independent transaction log that it has updated its records in accordance with the initiating registrys proposal. Finalisation of the reconciliation process The reconciliation process referred to in be final when all inconsistencies between the information contained in a registry and the information contained in the Community independent transaction log for a specific time and date have been resolved, and the reconciliation process has been successfully re-initiated and completed for that registry. Chapter V - Transactions SECTION 1 - ALLOCATION AND ISSUE OF ALLOWANCES FOR National allocation plan table for the 2005-2007 period 1.By 1 October 2004, each notify to the Commission its national allocation plan table, corresponding to the decision taken under Article 11 of Directive 2003/87/EC. If the national allocation plan table is based upon the national allocation plan notified to the Commission which was not rejected under Article 9(3) of Directive 2003/87/EC or on which the Commission has accepted proposed amendments, the Commission shall instruct the Central Administrator to enter the national allocation plan table into the Community independent transaction log in accordance with the initialisation procedures set out in . 2.A notify each correction to its national allocation plan together with each corresponding correction in its national allocation plan table to the Commission. If the correction to the national allocation plan table is based upon the national allocation plan notified to the Commission which was not rejected under Article 9(3) of Directive 2003/87/EC or on which the Commission has accepted amendments and that correction is in accordance with methodologies set out in that national allocation plan or results from improvements in data, the Commission shall instruct the Central Administrator to enter the corresponding correction into the national allocation plan table held in the Community independent transaction log in accordance with the initialisation procedures set out in . In all other cases, the notify the correction to its national allocation plan to the Commission and if the Commission does not reject this correction in accordance with the procedure in Article 9(3) of Directive 2003/87/EC, the Commission shall instruct the Central Administrator to enter the corresponding correction into the national allocation plan table held in the Community independent transaction log in accordance with the initialisation procedures set out in . 3.The registry administrator shall, subsequent to any correction made pursuant to paragraph 2 which occurs after allowances have been issued under Article 39 and which reduces the total quantity of allowances issued under Article 39 for the 2005- 2007 period, transfer the number of allowances specified by the competent authority from the holding accounts referred to in Article 11(1) and (2) in which the allowances are held to the cancellation account for the 2005-2007 period. The correction shall take place in accordance with the correction to allowances process set out in . After the national allocation plan table has been entered into the Community independent transaction log and, subject to Article 38(2), by 28 February 2005, the registry administrator shall issue the total quantity of allowances set out in the national allocation plan table into the Party holding account. When issuing such allowances the registry administrator shall assign a unique unit identification code to each allowance comprising the elements set out in . Allowances shall be issued in accordance with the allowance issue (2005-2007) process set out in . Allocation of allowances to operators Without prejudice to Articles 38(2) and 41, by 28 February 2005 and by 28 February of each year thereafter for the 2005-2007 period, the registry administrator shall transfer from the Party holding account to the relevant operator holding account the proportion of the total quantity of allowances issued under Article 39 which has been allocated to the corresponding installation for that year in accordance with the relevant section of the national allocation plan table. Where foreseen for an installation in the national allocation plan of the , the registry administrator may transfer that proportion at a later date of each year. Allowances shall be allocated in accordance with the allowance allocation process set out in . Surrender of allowances on instruction of the competent authority If instructed to do so by the competent authority pursuant to Article 16(1) of Directive 2003/87/EC, the registry administrator shall surrender part or all of the proportion of the total quantity of allowances issued under Article 39 which has been allocated to an installation for a specific year, by entering the number of surrendered allowances into the section of the surrendered allowance table designated for that installation for that year. These surrendered allowances shall remain in the Party holding account. Allowances surrendered on instruction of the competent authority shall be surrendered in accordance with the allowance allocation process set out in . Allocation of allowances to new entrants If instructed to do so by the competent authority, the registry administrator shall transfer a proportion of the total quantity of allowances issued under Article 39 that are remaining in the Party holding account to the operator holding account of a new entrant. Allowances shall be transferred in accordance with the internal transfer process set out in . Issue of force majeure allowances 5.If instructed to do so by the competent authority, the registry administrator shall issue into the Party holding account the number of force majeure allowances authorised by the Commission for the 2005-2007 period pursuant to Article 29 of Directive 2003/87/EC. Force majeure allowances shall be issued in accordance with the force majeure allowance issue process set out in . The registry administrator shall enter the number of issued force majeure allowances into the sections of the surrendered allowance table designated for those installations and years for which authorisation was given. When issuing force majeure allowances the registry administrator shall assign a unique unit identification code to each such force majeure allowance comprising the elements set out in . SECTION 2 - ALLOCATION AND ISSUE OF ALLOWANCES FOR THE 2008-2012 PERIOD AND EACH SUBSEQUENT FIVE YEAR PERIOD National allocation plan table for the 2008-2012 period and each subsequent five year period 1.By 1 January 2007 and by 1 January 12 months before the start of each subsequent five year period, each notify to the Commission its national allocation plan table, corresponding to the decision taken under Article 11 of Directive 2003/87/EC. If the national allocation plan table is based upon the national allocation plan notified to the Commission which was not rejected under Article 9(3) of Directive 2003/87/EC or on which the Commission has accepted proposed amendments, the Commission shall instruct the Central Administrator to enter the national allocation plan table into the Community independent transaction log in accordance with the initialisation procedures set out in . 2.A notify each correction to its national allocation plan together with each corresponding correction in its national allocation plan table to the Commission. If the correction to the national allocation plan table is based upon the national allocation plan notified to the Commission which was not rejected under Article 9(3) of Directive 2003/87/EC or on which the Commission has accepted amendments and that correction results from improvements in data, the Commission shall instruct the Central Administrator to enter the corresponding correction into the national allocation plan table held in the Community independent transaction log in accordance with the initialisation procedures as set out in . In all other cases, the notify the correction to its national allocation plan to the Commission and if the Commission does not reject this correction in accordance with the procedure in Article 9(3) of Directive 2003/87/EC, the Commission shall instruct the Central Administrator to enter the corresponding correction into the national allocation plan table held in the Community independent transaction log in accordance with the initialisation procedures set out in . 3.The registry administrator shall, subsequent to any correction made pursuant to paragraph 2 which occurs after allowances have been issued under Article 45 and which reduces the total quantity of allowances issued under Article 45 for the 2008- 2012 period or subsequent five-year periods, convert the number of allowances specified by the competent authority into AAUs by removing the allowance element from the unique unit identification code of each such AAU comprising the elements set out in . The correction shall take place in accordance with the correction to allowances process set out in . After the national allocation plan table has been entered into the Community independent transaction log and, subject to Article 44(2), by 28 February of the first year of the 2008- 2012 period and by 28 February of the first year of each subsequent five-year period, the registry administrator shall issue the total quantity of allowances set out in the national allocation plan table into the Party holding account by converting an equal quantity of AAUs held in that holding account into allowances. This conversion shall take place through adding the allowance element to the unique unit identification code of each such AAU, comprising the elements set out in . The issue of allowances for the 2008-2012 period and each subsequent five-year period shall take place in accordance with the allowance issue (2008-2012 onwards) process set out in . Allocation of allowances to operators Without prejudice to Articles 44(2) and 47, by 28 February 2008 and by 28 February in each year thereafter, the registry administrator shall transfer from the Party holding account to the relevant operator holding account the proportion of the total quantity of allowances issued under Article 45 which has been allocated to the corresponding installation for that year in accordance with the relevant section of the national allocation plan table. Where foreseen for an installation in the national allocation plan of the , the registry administrator may transfer that proportion at a later date of each year. Allowances shall be allocated in accordance with the allowance allocation process set out in . Surrender of allowances on instruction of the competent authority If instructed to do so by the competent authority pursuant to Article 16(1) of Directive 2003/87/EC, the registry administrator shall surrender part or all of the proportion of the total quantity of allowances issued under Article 45 which has been allocated to an installation for a specific year, by entering the number of surrendered allowances into the section of the surrendered allowance table designated for that installation for that year. These surrendered allowances shall remain in the Party holding account. Allowances surrendered on instruction of the competent authority shall be surrendered in accordance with the allowance allocation process set out in . Allocation of allowances to new entrants If instructed to do so by the competent authority, the registry administrator shall transfer a proportion of the total quantity of allowances issued under Article 45 that are remaining in the Party holding account to the operator holding account of a new entrant. Allowances shall be transferred in accordance with the internal transfer process set out in . SECTION 3 TRANSFERS AND ELIGIBILITY Transfers of allowances and Kyoto units by account holders 6.The registry administrator shall carry out any transfer between holding accounts referred to in Article 11(1) and (2): (a)within its registry as requested by an account holder in accordance with the internal transfer process set out in ; (b)between registries as requested by an account holder for allowances issued for the 2005-2007 period in accordance with the external transfer (2005-2007) process set out in ; and (c)between registries as requested by an account holder for allowances issued for the 2008-2012 period and subsequent five-year periods and Kyoto units in accordance with the external transfer (2008-2012 onwards) process set out in . Allowances may only be transferred from an account in a registry to an account in a third country registry or the CDM Registry, or acquired from an account in a third country registry or the CDM Registry by an account in a registry, where an agreement has been concluded in accordance with Article 25(1) of Directive 2003/87/EC and such transfers are in accordance with provisions relating to the mutual recognition of allowances under that agreement drawn up by the Commission pursuant to Article 25(2) of Directive 2003/87/EC. Eligibility and the commitment period reserve 7.Member States may not transfer or acquire ERUs or AAUs, or use CERs, until 16 months have elapsed since the submission of its report in accordance with Article 7(1) of Decision 280/2004/EC, unless the Secretariat to the UNFCCC has informed that that compliance procedures will not be commenced. Pursuant to Article 8 of Decision 280/2004/EC, if the Secretariat to the UNFCCC informs a that it does not meet the requirements allowing it to transfer or acquire ERUs or AAUs, or use CERs, the relevant body of the instruct the registry administrator not to initiate those transactions requiring such eligibility. When, from 1 January 2008 onwards, the holdings of ERUs, CERs, AAUs and RMUs valid for the relevant five-year period in the Party holding accounts, operator holding accounts, person holding accounts and retirement accounts in a approach a breach of the commitment period reserve, calculated as 90 per cent of the Member States assigned amount or 100 per cent of five times its most recently reviewed inventory, whichever is the lowest, the Commission shall notify that . SECTION 4 - VERIFIED EMISSIONS Verified emissions of an installation 8.Upon the verification as satisfactory, in accordance with the detailed requirements established by the pursuant to of Directive 2003/87/EC, of an operators report on the emissions from an installation during a previous year, the verifier shall enter or approve the entry of the annual verified emissions for that installation for that year into the section of the verified emissions table designated for that installation for that year in accordance with the verified emissions update process set out under . The competent authority may instruct the registry administrator to correct the annual verified emissions for an installation for a previous year, to ensure compliance with the detailed requirements established by the pursuant to of Directive 2003/87/EC, by entering the corrected annual verified emissions for that installation for that year into the section of the verified emissions table designated for that installation for that year in accordance with the verified emissions update process set out under . SECTION 5 -SURRENDER OF ALLOWANCES An operator shall surrender allowances for an installation by requesting or, where provided in legislation, be deemed to have requested, the registry administrator to: (a)transfer a specified number of allowances for a specified year from the relevant operator holding account into the Party holding account of that registry; (b)enter the number of transferred allowances into the section of the surrendered allowance table designated for that installation for that year. The transfer and entry shall take place in accordance with the allowance surrender process set out under . The use of CERs and ERUs The use of CERs and ERUs by an operator in accordance with Article 11(bis) of Directive 2003/87/EC in respect of an installation shall take place through an operator requesting the registry administrator to: (a)transfer a specified number of CERs or ERUs for a specified year from the relevant operator holding account into the Party holding account of that registry; (b)enter the number of transferred CERs and ERUs into the section of the surrendered allowance table designated for that installation for that year. From 1 January 2008 onwards, the registry administrator shall only accept a request to use CERs and ERUs up to a percentage of the allocation made to each installation, as specified by that in its national allocation plan for that period. The transfer and entry shall take place in accordance with the allowance surrender process set out under . Surrender of force majeure allowances The issue of force majeure allowances in accordance with Article 43 shall constitute the surrender of those force majeure allowances. Calculation of compliance status figures Upon an entry being made into the section of the surrendered allowance table or verified emissions table designated for an installation, the registry administrator shall: (a)during the years 2005, 2006 and 2007 determine the compliance status figure for that installation and for each year by calculating the sum of all allowances surrendered from the year 2005 up to and including the current year minus the sum of all verified emissions from the year 2005 up to and including the current year; (b)during the year 2008 and each year thereafter determine the compliance status figure for that installation and for each year by calculating the sum of all allowances surrendered from the year 2008 up to and including the current year minus the sum of all verified emissions from the year 2008 up to and including the current year, plus a correction factor. The correction factor shall be zero if the 2007 figure was greater than zero, but shall remain as the 2007 figure if the 2007 figure is less than or equal to zero. Entries into the compliance status table 9.The registry administrator shall enter the installations compliance status figure calculated in accordance with Article 55(a) and (b) for each year into the section of the compliance status table designated for that installation. On 1 2006 and on 1 of each year thereafter the registry administrator shall notify the compliance status table to the competent authority. In addition, the registry administrator shall notify any changes to the entries for previous years of the compliance status table to the competent authority. Entries into the verified emissions table Where, on 1 2006 and on 1 of each year thereafter, no verified emissions figure has been entered into the verified emissions table for an installation for a previous year, any substitute emissions figure determined pursuant to Article 16(1) of Directive 2003/87/EC which has not been calculated in accordance with the detailed requirements established by the pursuant to of Directive 2003/87/EC shall not be entered into the verified emissions table. SECTION 6 CANCELLATION AND RETIREMENT Cancellation and retirement of surrendered allowances and force majeure allowances for the 2005-2007 period On 30 2006, 2007 and 2008 the registry administrator shall cancel a number of allowances, CERs, and force majeure allowances held in the Party holding account pursuant to Articles 52, 53 and 54. The number of allowances, CERs, and force majeure allowances to be cancelled shall be equal to the total number of surrendered allowances entered in the surrendered allowance table for the periods 1 January 2005 to 30 2006, 30 2006 to 30 2007, and 30 2007 to 30 2008. Cancellation shall take place by transferring CERs, with the exception of CERs resulting from projects referred to in Article 11(bis)(3) of Directive 2003/87/EC, from the Party holding account into the cancellation account for the 2008-2012 period, and by transferring allowances and force majeure allowances from the Party holding account to the retirement account for the 2005-2007 period, in accordance with the retirement (2005- 2007) process set out in . Cancellation and retirement of surrendered allowances for the 2008-2012 period and subsequent periods