Template:UKA Annex (d)(vi): Difference between revisions
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{{ukaprov|(d)(vi)}} '''{{ukaprov|Requirements under the | {{ukaprov|(d)(vi)}} '''{{ukaprov|Requirements under the UK ETS}}'''<br> | ||
Each party agrees with the other that, so long as either party has or may have any obligation under a {{ukaprov|UK Emissions Allowance Transaction}}, it shall: | Each party agrees with the other that, so long as either party has or may have any obligation under a {{ukaprov|UK Emissions Allowance Transaction}}, it shall: | ||
:(1) ensure that on a {{ukaprov|Delivery Date}} or {{ukaprov|Delayed Delivery Date}} ([[as the case may be]]) it has one or more {{ukaprov|UK ETS Account}}s (which must include, in the case of the {{ukaprov|Receiving Party}}, its {{ukaprov|Specified UK ETS Account}}) validly registered in accordance with {{ukaprov|Applicable Rules}}; and | :(1) ensure that on a {{ukaprov|Delivery Date}} or {{ukaprov|Delayed Delivery Date}} ([[as the case may be]]) it has one or more {{ukaprov|UK ETS Account}}s (which must include, in the case of the {{ukaprov|Receiving Party}}, its {{ukaprov|Specified UK ETS Account}}) validly registered in accordance with {{ukaprov|Applicable Rules}}; and | ||
:(2) conduct its affairs so as not to give any {{ukaprov|Relevant Authority}} cause to block, suspend, refuse, reject or cancel the transfer (whether in whole or in part) of {{ukaprov|Allowances}} requested to be made pursuant to any {{ukaprov|UK Emissions Allowance Transaction}}. <br> | :(2) conduct its affairs so as not to give any {{ukaprov|Relevant Authority}} cause to block, suspend, refuse, reject or cancel the transfer (whether in whole or in part) of {{ukaprov|Allowances}} requested to be made pursuant to any {{ukaprov|UK Emissions Allowance Transaction}}. <br> | ||
Latest revision as of 16:00, 31 January 2023
(d)(vi) Requirements under the UK ETS
Each party agrees with the other that, so long as either party has or may have any obligation under a UK Emissions Allowance Transaction, it shall:
- (1) ensure that on a Delivery Date or Delayed Delivery Date (as the case may be) it has one or more UK ETS Accounts (which must include, in the case of the Receiving Party, its Specified UK ETS Account) validly registered in accordance with Applicable Rules; and
- (2) conduct its affairs so as not to give any Relevant Authority cause to block, suspend, refuse, reject or cancel the transfer (whether in whole or in part) of Allowances requested to be made pursuant to any UK Emissions Allowance Transaction.