sou · GSB362d2 · 2005-01-01 00:00:00 — 2.The Central Administrator shall establish a communication link between a registry and the Community independent transaction log after the testing procedures as set out in and the initialisation procedures as set out in have been completed successfully. 3.From 1 January 2005, each registry shall be operated and maintained in accordance with the provisions of this Regulation. 4.A or the Community may establish, operate and maintain their registry in a consolidated system together with one or more other Member States or the Community, provided that its registry remains distinct. Competent authority and registry administrator 1.Each designate a registry administrator to operate and maintain its registry in accordance with the provisions of this Regulation. 2.Each notify the Commission of the identity, address and contact details of the registry administrator for its registry by , and any subsequent changes shall be promptly notified to the Commission. 3.The Member States and the Community shall retain ultimate responsibility and authority for the operation and maintenance of their registries. 4.Each , competent authority and registry administrator shall respect the confidentiality of all information, including the holdings of all accounts and all transactions made, contained within those registries for whose operation and maintenance they are responsible. Each , competent authority and registry administrator shall not use any such information without the prior consent of the relevant account holder for any other purpose except to make available reports as set out in and to operate and maintain those registries in accordance with the provisions of this Regulation. Each competent authority and registry administrator shall not perform any process concerning allowances, accounts or Kyoto units for any purpose except those necessary to carry out their functions as competent authority or registry administrator. 1.Each registry shall contain the following accounts: (a)at least one national holding account; (b)one operator holding account for each installation in accordance with Article 7; and (c)at least one person holding account for each person pursuant to Article 8. 2.Each registry shall contain the following accounts for the period referred to in Article 11(1) of Directive 2003/87/EC: (a)one national retirement account; and (b)one national cancellation account. 3.Each registry shall contain the following accounts for each period referred to in Article 11(2) of Directive 2003/87/EC: (a)one national retirement account; and (b)the cancellation accounts required pursuant to Decision 19/CP.7 and Decision -/CP.9 [Modalities and procedures for afforestation and reforestation project activities under the clean development mechanism in the first commitment period of the Kyoto Protocol] of the Conference of the Parties to the UNFCCC. 4.Each registry shall contain the following tables: (a)one verified emissions table; (b)one surrendered allowances table; and (c)one compliance status table. 5.The Community independent transaction log shall contain the following tables for each period referred to in Article 11(1) and (2) of Directive 2003/87/EC: (a)one national allocation plan table for each Member State; and (b)one project conversion table. 6.The accounts and tables in each registry and the Community independent transaction log shall contain the information set out in . 1.Within 10 days of the issue of each greenhouse gas emissions permit, the competent authority, or the operator where the competent authority so requires, shall provide the registry administrator with the information set out in . 2.Within 10 days of the provision of the information in paragraph 1 or the of the communication link between the registry and the Community independent transaction log whichever is the later, the registry administrator shall open one operator holding account for each installation in its registry in accordance with the account opening process as set out in . 3.The competent authority, or the operator where the competent authority so requires, shall notify the registry administrator within 10 days of any changes in the information provided to the registry administrator pursuant to paragraph 1. Within 10 days of such a notification the registry administrator shall update the operators details in accordance with the account modification process as set out in . 4.An operator holding account shall be capable of holding allowances and, where authorised by or Community legislation, Kyoto units. 5.The registry administrator may require operators to agree to comply with reasonable terms and conditions addressing the issues set out in . 6.The competent authority shall notify the registry administrator within 10 days of a greenhouse gas emissions permit issued by the competent authority being revoked. The registry administrator shall close an operator holding account relating to a revocation in accordance with the account closing process as set out in on 30 after the end of the year in which the revocation took place or the day after the installations most recent entry in the compliance status table is greater than or equal to zero, whichever is the later. 7.If there is a positive balance of allowances or Kyoto units in an operator holding account which the registry administrator is to close in accordance with paragraph 6 then, before closing the account, the registry administrator shall send the operator a communication requesting that the operator specify another account within the registry system to which such allowances or Kyoto units should be transferred. The registry administrator shall transfer such balance as directed by the operator. If the operator has not responded to the registry administrators communication within 60 days, the registry administrator shall transfer the balance to the national holding account. 8.The registry administrator shall immediately notify an account holder of the opening, modification or closure of its operator holding account. 1.Any person applying to open a person holding account shall provide the registry administrator with the information reasonably required by it for the purposes of carrying out its functions under this Regulation, which shall include the information set out in . 2.Within 10 days of an application in accordance with paragraph 1 or the of the communication link between the registry and the Community independent transaction log, whichever is the later, the registry administrator shall open a person holding account in its registry in accordance with the account opening process as set out in . 3.The person shall notify the registry administrator within 10 days of any changes in the information provided to the registry administrator pursuant to paragraph 1. Within 10 days of such a notification the registry administrator shall update the persons details in accordance with the account modification process as set out in . 4.A person holding account shall be capable of holding allowances and, where authorised by or Community legislation, Kyoto units. 5.The registry administrator shall not establish more than 99 person holding accounts in any one persons name in its registry. 6.The registry administrator may require persons applying to open a person holding account to agree to comply with reasonable terms and conditions addressing the issues set out in . 7.If a person holding account has a zero balance and a period of 12 months has passed with no transaction having been recorded in respect of that person holding account, the registry administrator shall notify the account holder that the person holding account will be closed within 30 days unless the registry administrator receives within that period a request from the account holder that the person holding account be maintained. If the registry administrator does not receive any such request from the account holder, it may close the account in accordance with the account closure process as set out in . 8.The registry administrator shall immediately notify an account holder of the opening, modification or closure of its person holding account. Account identification codes and alphanumeric identifiers Prior to opening each account within its registry in accordance with the account opening process as set out in , the registry administrator shall assign to each account a unique account identification code comprising the elements set out in and the alphanumeric identifier specified by the operator and person account holders as part of the information given under Annexes III and IV respectively. 1.If, on of each year starting in 2006, an installations annual verified emissions for the preceding year have not been entered into the verified emissions table in accordance with the verified emissions entry process as set out in , the registry administrator shall block the transfer of any allowances out of the operator holding account for that installation. 2.If, on 1 of each year starting in 2006, following the calculation in Article 22(3) or Article 22(4), an installations entry for the preceding year of the compliance status table is less than zero, the registry administrator shall block the transfer of any allowances out of the operator holding account for that installation. 3.When the installations annual verified emissions for the preceding year have been entered into the verified emissions table and an installation's entry for the preceding year of the compliance status table is equal to or greater than zero, the registry administrator shall unblock the account. 4.The registry administrator shall immediately notify an account holder and the competent authority of the blocking and unblocking of an operator holding account. 5.Paragraph 1 and paragraph 2 shall not apply to the surrender of allowances. The Community independent transaction log 1.The Commission shall establish the Community independent transaction log in the form of a standardised electronic database by . The Community independent transaction log shall: (a)incorporate the hardware and software set out in ; (b)be accessible via the internet; and (c)conform to the functional and technical specifications required by this Regulation. 2.The Central Administrator designated pursuant to Article 20 of Directive 2003/87/EC shall operate and maintain the Community independent transaction log in accordance with the provisions of this Regulation. Community independent transaction logs automated checks 1.The Central Administrator shall ensure that the Community independent transaction log conducts the automated checks set out in and for all processes concerning allowances, accounts and Kyoto units to ensure that there are no discrepancies. 2.If the automated checks referred to in paragraph 1 identify a discrepancy in a process, the Central Administrator shall immediately inform the registry administrator or administrators concerned by giving an automated response detailing the exact nature of the discrepancy using the response codes as set out in Annexes VII and VIII. The registry administrator of the initiating registry shall terminate the process and inform the Community independent transaction log. In addition, the registry administrator or administrators concerned shall immediately inform the relevant account holders that the process has been terminated. If the registry administrator of the initiating registry fails to terminate the process, the Central Administrator shall not confirm the process in question and shall ensure that the Community independent transaction log does not allow any further process under and concerning any of the allowances, accounts or Kyoto units which are the subject of the earlier discrepancy to proceed. 3.The Central Administrator shall ensure that the Community independent transaction log periodically initiates the data reconciliation process as set out in in order to ensure that there are no inconsistencies between allowance, account and Kyoto unit information contained in the registry and the allowance, account and Kyoto unit information contained in the Community independent transaction log. To enable this data reconciliation process, the Community independent transaction log shall record all transactions concerning Kyoto units. If an inconsistency is identified during the data reconciliation process, the Central Administrator shall immediately inform the registry administrator or administrators concerned. If the inconsistency is not resolved, the Central Administrator shall ensure that the Community independent transaction log does not allow any further process under and concerning any of the allowances, accounts or Kyoto units which are the subject of the earlier inconsistency to proceed. UNFCCC independent transaction logs automated checks 1.If the UNFCCC independent transaction log, following an automated check, informs a registry administrator or administrators concerned of a discrepancy in a process, the registry administrator of the initiating registry shall terminate the process and inform the UNFCCC independent transaction log. In addition, the registry administrator or administrators concerned shall immediately inform the relevant account holders that the process has been terminated. 2.If the UNFCCC independent transaction log has identified a discrepancy or inconsistency, the Central Administrator shall ensure that the Community independent transaction log does not allow any further process under and concerning any of the Kyoto units which are the subject of the earlier discrepancy or inconsistency, and which is not subject to the UNFCCC independent transaction logs automated checks, to proceed. 1.Each registry shall be capable of carrying out the types of processes concerning allowances, accounts or Kyoto units as set out in , and . 2.The information which is required to carry out each type of process is set out in . Each process shall follow the format and complete sequence for the message and notification exchanges for that type of process as set out in , and . 3.The registry administrator shall assign to each process a unique serial identification code in accordance with the requirements set out in . 4.Each registry shall be capable of carrying out the types of processes concerning Kyoto units, shall input the information required to carry out each type of process, and shall follow the format and complete sequence for the message and notification exchanges for that type of process as set out in the functional and technical specifications for data exchange standards for registry systems under the Kyoto Protocol, elaborated by the Secretariat to the UNFCCC. 5.Before carrying out any process the registry administrator shall ensure that appropriate automated checks are conducted including those set out in , in order to identify missing information or discrepancies and thereby terminate processes in advance of automated checks being conducted by the Community independent transaction log or UNFCCC independent transaction log. 6.Prior to the communication link between the Community independent transaction log and the UNFCCC independent transaction log being established, all processes under and , except the external transfer process, shall be considered final when the Community independent transaction log informs the initiating registry that it has not found any discrepancies in the proposal sent by the initiating registry and the initiating registry has sent confirmation to the Community independent transaction log that it has updated its records in accordance with its proposal. After the communication link between the Community independent transaction log and the UNFCCC independent transaction log has been established, all processes under and , except the external transfer process, shall be considered final when both independent transaction logs inform the initiating registry that they have not found any discrepancies in the proposal sent by the initiating registry and the initiating registry has sent confirmation to both independent transaction logs that it has updated its records in accordance with its proposal. 7.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 considered final when the Community independent transaction log informs the acquiring registry that it has not found any discrepancies in the proposal sent by the initiating registry and the acquiring registry has sent confirmation to the Community independent transaction log that it has updated its records in accordance with the initiating registrys proposal. After the communication link between the Community independent transaction log and the UNFCCC independent transaction log has been established, the external transfer process shall be considered final when both independent transaction logs inform the acquiring registry that they have not found any discrepancies in the proposal sent by the initiating registry and the acquiring registry has sent confirmation to both independent transaction logs that it has updated its records in accordance with the initiating registrys proposal. Allocation and issue of allowances for the 2005-2007 period 1.By 1 October 2004, each notify to the Commission its national allocation plan table established pursuant to the decision taken under Article 11 of Directive 2003/87/EC. If the national allocation plan table corresponds to the national allocation plan which was not rejected under Article 9(3) of Directive 2003/87/EC, 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 as set out in . 2.A notify each correction to its national allocation plan together with each corresponding change in its national allocation plan table to the Commission. 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 change into the national allocation plan table held in the Community independent transaction log in accordance with the initialisation procedures as set out in . 3.After the national allocation plan table is entered into the Community independent transaction log and by 28 February 2005, the registry administrator shall issue the total quantity of allowances as set out in the national allocation plan table into the national holding account. When issuing such allowances the registry administrator shall assign a unique serial identification code to each allowance as set out in . 4.By 28 February 2005 and in each year thereafter for the 2005-2007 period, the registry administrator shall transfer the proportion of the total quantity of allowances issued under paragraph 3 allocated to each installation, as set out in the section of the national allocation plan table designated for that installation for that year, from the national holding account to the relevant operator holding account. 5.If instructed to do so by the competent authority, the registry administrator shall transfer a proportion of the total quantity of allowances remaining in the national holding account to the operator holding account of a new entrant. 6.If instructed to do so by the competent authority, the registry administrator shall issue the number of force majeure allowances authorised by the Commission for an installation for a year within the 2005-7 period pursuant to Article 29 of Directive 2003/87/EC into the national holding account. When issuing force majeure allowances the registry administrator shall assign a unique serial identification code to each such force majeure allowance as set out in . The registry administrator shall enter the number of issued force majeure allowances into the section of the surrendered allowance table designated for that installation for that year. 7.Allowances and force majeure allowances for the 2005-2007 period shall be issued in accordance with the allowance issue (2005-2007) process and force majeure allowance issue process as set out in . Allocation and issue of allowances 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 established pursuant to the decision taken under Article 11 of Directive 2003/87/EC. If the national allocation plan table corresponds to the national allocation plan which was not rejected under Article 9(3) of Directive 2003/87/EC, the Commission shall enter the national allocation plan table into the Community independent transaction log in accordance with the initialisation procedures as set out in . 2.A notify each correction to its national allocation plan together with each corresponding change in its national allocation plan table to the Commission. 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 change into the national allocation plan table held in the Community independent transaction log in accordance with the initialisation procedures as set out in . 3.After the national allocation plan table is entered into the Community independent transaction log and by 28 February of the first year of the 2008-2012 period and of the first year of each subsequent five-year period, the registry administrator shall issue the total quantity of allowances as set out in the national allocation plan table into the national holding account by converting an equal quantity of AAUs held in the national holding account into allowances. This conversion shall take place through adding the allowance identifier to the unique serial identification code of each such AAU as set out in . 4.By 28 February 2008 and in each year thereafter, the registry administrator shall transfer the proportion of the total quantity of allowances issued under paragraph 3 for each installation, as set out in the section of the national allocation plan table designated for that installation for that year, from the national holding account to the relevant operator holding account. 5.If instructed to do so by the competent authority, the registry administrator shall transfer a proportion of the total quantity of allowances remaining in the national holding account to the operator holding account of a new entrant. 6.The issue of allowances for the 2008-2012 period and each subsequent five-year period shall be made in accordance with the allowance issue (2008-2012 onwards) process as set out in . Conversion of CERs into allowances for use in the Community scheme in the 2005-2007 period 1.During the 2005-2007 period, on being instructed to do so by the competent authority, the registry administrator shall: (a)cancel the CERs specified by the operator in its registry who initiated the request for conversion by transferring those CERs from the operator holding account of the operator who initiated the request for conversion to the national cancellation account for the 2008-2012 period; and (b)issue an equal number of allowances into the operator holding account of the operator who initiated the request for conversion, assigning a unique serial identification code to each allowance as set out in ; in accordance with the allowance conversion (2005-2007) process as set out in . 2.The Community independent transaction log shall record the unique serial identification code of each CER converted into an allowance in the project conversion table.