Relevant Registry - Emissions Annex Provision

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EU Emissions Allowance Transaction Annex to the 2005 ISDA Commodity Definitions

A Jolly Contrarian owner’s manual™

Relevant Registry in a Nutshell

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Relevant Registry in all its glory

Relevant Registry: Means the Registry through which a party is obliged to perform a delivery or acceptance obligation under and in accordance with an EU Emissions Allowance Transaction. Where a party has specified more than one Specified Holding Account for delivery or acceptance purposes, the Relevant Registry shall be identified in accordance with Part (d)(i)(2)(C).

Comparison

See our natty emissions comparison table between the IETA, EFET and ISDA versions of emissions trading docs

Resources and Navigation

Index: Click to expand:

Pro tip: for tons of information about EU ETS and EU financial services regulation see Michał Głowacki’s magnificent emissions-euets.com website.

Emissions trading documentation

Overview

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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

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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
Template:M premium EUA Annex Relevant Registry

See also

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References