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Update on registry modalities to support smooth end to second trading period

  • Start date : 30/04/2013 00:00:00
Update on registry modalities to support smooth end to second trading period

Arrangements to formally close the second trading period together with the activation of the next software release will take place in May and June 2013.

 

As previously announced, from 1 May onwards:

  • Member States will no longer be able to allocate allowances valid for the second trading period;
  • Member States will no longer be able to auction or sell any remainder of their reserve for new entrants under their National Allocation Plans (NAPs) for the second trading period;
  • Operators will no longer be able to surrender allowances valid for the second trading period - nor CERs or ERUs - to comply with their obligations for the second trading period.

In addition, on 6 May, an upgrade of the Union registry will be activated, essentially to provide the functionality for operators to surrender allowances valid for the third trading period. The activation will require suspension of access to the registry for two hours between 08:00 CEST and 10:00 CEST on Monday 6 May.

The banking process is planned to start on 1 July. The process requires the closure of the Union Registry for five consecutive working days. Access to the Union Registry will be suspended as of 1 July and will be resumed no later than 8 July. Until the start of this process, transfers of allowances valid for the second trading period will remain possible.

The next update of the Union registry software - following formal adoption of the new registry rules in early May - is scheduled to take place in July shortly after the banking process has been completed. More details will be communicated on this website before 15 June.

In the unlikely event of any changes to this schedule, updated information will be communicated on this website.