Template:EFET Allowance Annex 4.2: Difference between revisions
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§ {{efetaprov|4.2}} '''{{efetaprov|Definition of Schedule}}'''. The following words are added to the end of the last sentence of § {{efetaprov|4.2}} (Definition of “'''{{efetaprov|Schedule}}'''”): “For the purposes of {{efetaprov|Allowance Transaction}}s, the definition of {{efetaprov|Schedule}} shall include, in accordance with {{efetaprov|Applicable Rules}}, those actions necessary for Parties to comply with all obligations and requirements contained in the {{efetaprov|Applicable Rules}}, including, without limitation, the standards of the relevant Emission Trading Scheme(s) and {{efetaprov|Registry}} requirements in order to ensure that all their respective {{efetaprov|Holding Account}}s are properly established, and that all of their respective applicable requirements for effecting {{efetaprov|Transfer}} from {{efetaprov|Seller}} to Buyer at the applicable {{efetaprov|Delivery Point}} are met. The Parties acknowledge and agree that customary industry practices shall include, to the extent it has not already done so, each Party notifying the other at least thirty (30) calendar days prior to the Delivery Date of its {{efetaprov|Holding Account}}(s), (including account number details in a specified {{efetaprov|Registry}}) for, as applicable, its designated {{efetaprov|Transfer Point}}(s) or {{efetaprov|Delivery Point}}(s).” <br> | :§ {{efetaprov|4.2}} '''{{efetaprov|Definition of Schedule}}'''. The following words are added to the end of the last sentence of § {{efetaprov|4.2}} (Definition of “'''{{efetaprov|Schedule}}'''”): “For the purposes of {{efetaprov|Allowance Transaction}}s, the definition of {{efetaprov|Schedule}} shall include, in accordance with {{efetaprov|Applicable Rules}}, those actions necessary for Parties to comply with all obligations and requirements contained in the {{efetaprov|Applicable Rules}}, including, without limitation, the standards of the relevant Emission Trading Scheme(s) and {{efetaprov|Registry}} requirements in order to ensure that all their respective {{efetaprov|Holding Account}}s are properly established, and that all of their respective applicable requirements for effecting {{efetaprov|Transfer}} from {{efetaprov|Seller}} to Buyer at the applicable {{efetaprov|Delivery Point}} are met. The Parties acknowledge and agree that customary industry practices shall include, to the extent it has not already done so, each Party notifying the other at least thirty (30) calendar days prior to the Delivery Date of its {{efetaprov|Holding Account}}(s), (including account number details in a specified {{efetaprov|Registry}}) for, as applicable, its designated {{efetaprov|Transfer Point}}(s) or {{efetaprov|Delivery Point}}(s).” <br> | ||
Revision as of 14:01, 13 September 2023
- § 4.2 Definition of Schedule. The following words are added to the end of the last sentence of § 4.2 (Definition of “Schedule”): “For the purposes of Allowance Transactions, the definition of Schedule shall include, in accordance with Applicable Rules, those actions necessary for Parties to comply with all obligations and requirements contained in the Applicable Rules, including, without limitation, the standards of the relevant Emission Trading Scheme(s) and Registry requirements in order to ensure that all their respective Holding Accounts are properly established, and that all of their respective applicable requirements for effecting Transfer from Seller to Buyer at the applicable Delivery Point are met. The Parties acknowledge and agree that customary industry practices shall include, to the extent it has not already done so, each Party notifying the other at least thirty (30) calendar days prior to the Delivery Date of its Holding Account(s), (including account number details in a specified Registry) for, as applicable, its designated Transfer Point(s) or Delivery Point(s).”