14 (1) Each of the following persons shall submit emission allowances and credits to the Minister in an amount equal to the aggregate amount of all greenhouse gas emissions attributed to the person under section 13 for a compliance period: 1. A person who is required to be registered as a mandatory participant under section 15 at any time during the compliance period. 2. A person who is registered as a voluntary participant under section 16 at any time during the compliance period. Same (2) If the amount of greenhouse gas emissions associated with a person under section 9 includes emissions associated with the activities or other actions of a third party, emission allowances in respect of the emissions associated with the activities or other actions of the third party are submitted by that person in the place of the third party. Compliance period (3) Compliance periods are established by regulation. Deadline, etc. (4) The participant shall submit the emission allowances and credits for a compliance period on or before the prescribed deadline and in accordance with the regulations. Restriction (5) The regulations may impose restrictions with respect to the classes of emission allowances and credits that may be submitted by a participant for a compliance period, including limiting the amount of any class of allowance or credit that may be submitted. Reduction (6) The regulations may prescribe circumstances in which no emission allowances or credits, or a reduced amount of allowances and credits, must be submitted by a participant for a compliance period. Shortfall, consequences (7) The following consequences arise if a participant fails to submit all of the required emission allowances and credits on or before the prescribed deadline in accordance with the regulations: 1. The Minister may remove emission allowances and credits held in, or subsequently transferred into, the participant’s cap and trade accounts in an amount sufficient to satisfy the shortfall. 2. The participant shall submit to the Minister additional emission allowances in an amount equal to three times the shortfall. 3. The Minister may remove emission allowances held in, or subsequently transferred into, the participant’s cap and trade accounts in an amount sufficient to satisfy the participant’s obligation under paragraph 2. 4. The participant’s authority to deal with emission allowances and credits in the participant’s cap and trade accounts shall be restricted, in accordance with the regulations, until the participant’s obligations under subsection (1) and paragraph 2 are satisfied in full. Continuing shortfall, consequences (8) If the Director gives the participant notice, in accordance with the regulations, of the participant’s outstanding obligations under subsections (1) and (7), and if the participant does not satisfy the obligations in full by the deadline specified in the notice, the following consequences arise: 1. The Director may, by order, require the participant to pay to the Minister of Finance an amount determined in accordance with the regulations in satisfaction of the participant’s outstanding obligations. 2. Until the participant’s outstanding obligations are satisfied in full, the Minister may decline to distribute emission allowances free of charge to the participant. 3. The Director may, by order, impose such other consequences as may be authorized by regulation. Effect of revised attribution (9) If the amount of greenhouse gas emissions attributed to a participant under section 13 for a prescribed period within a compliance period is increased after the prescribed deadline for submitting emission allowances and credits under this section, subsections (4) to (8) apply with necessary modifications with respect to the amount of the increase, and the regulations shall specify the applicable deadline that is the prescribed deadline for submitting the allowances and credits for that amount. Interpretation re prosecutions (10) For greater certainty, the consequences that may arise under subsections (7) and (8) do not affect the prosecution of an offence for a failure to comply with subsection (1).