Template:UKA Annex (d)(vi): Difference between revisions

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Template:UKA Annex (d)(vi) (view source)

Revision as of 15:59, 31 January 2023

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{{euaprov|(d)(vi)}} '''{{euaprov|Requirements under the Scheme}}'''<br>
{{ukaprov|(d)(vi)}} '''{{ukaprov|Requirements under the Scheme}}'''<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 an {{euaprov|EU 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 {{euaprov|Delivery Date}} or {{euaprov|Delayed Delivery Date}} ([[as the case may be]]) it has one or more {{euaprov|Holding Account}}s validly registered in accordance with the {{euaprov|Registries Regulation}} and where it has one or more {{euaprov|Specified Holding Account}}s, ensure that on a {{euaprov|Delivery Date}} or {{euaprov|Delayed Delivery Date}} ([[as the case may be]]) it has all such {{euaprov|Specified Holding Account}}s validly registered in accordance with the {{euaprov|Registries Regulation}} ;
:(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) where it is {{euaprov|Delivering Party}}, ensure that each {{euaprov|Specified Holding Account}} of {{euaprov|Receiving Party}} is nominated as a “trusted account” in its “trusted account list” for each of its {{euaprov|Specified Holding Account}}s (or other {{euaprov|Holding Account}}s, as applicable) for the purposes of the {{euaprov|Registries Regulation}}; and
:(3) conduct its affairs so as not to give any {{euaprov|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 {{euaprov|EU Emissions Allowance Transaction}}. <br>
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