Relevant Registry - EFET Allowance Provision
2007 EFET General Agreement Version 2.1(a) (Power) A Jolly Contrarian owner’s manual™
Relevant Registry in all its glory
Comparison See our natty emissions comparison table between the IETA, EFET and ISDA versions of emissions trading docs
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Overview
The definition of Relevant Registry is more or less the same in all three emissions trading documentation regimes. Compare:
ISDA: Relevant Registry
IETA: Relevant Registry
EFET: Relevant Registry
Summary
Did we need a separate definition of “Relevant Registry”? Does it convey any nuance or additional colour that the lower-cased, colloquial, “relevant Registry” does not. In our humble opinion, it does not. Do we really even need the word relevant? In what world, and why, would one be talking about a Registry that was irrelevant?
Do not get us started on all this business about there being more than one Specified Holding Account.
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- The JC’s famous Nutshell™ summary of this clause