Relevant Registry - IETA Provision

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IETA Emissions Trading Master Agreement

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Relevant Registry in a Nutshell

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Relevant Registry in all its glory

Relevant Registry” means a Registry through which either Party is obliged to perform a Transfer or acceptance obligation under and in accordance with a Transaction. Where a Party specifies more than one Holding Account for Transfer or acceptance purposes, the Relevant Registry shall be identified in accordance with Clause 5.1(c) (Primary Obligation).


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

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Emissions trading documentation Index: Click to expand:

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



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



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 IETA Relevant Registry


See also