16. When a participant’s general account has been inactive for at least 6 years, the Minister notifies the participant of the situation and of the fact that the Minister may, after 30 days, close the account and terminate the participant’s registration if no emission allowance is placed in the account during that period or if the participant provides no valid reason for maintaining the account.
When the participant’s general account still contains emission allowances, the Minister may, when closing the account, as the case may be, recover the allowances
(1) by transferring the emission units in the account to the auction account;
(2) by transferring the offset credits and early reduction credits to the retirement account; and
(3) by transferring the reserve units to the reserve account.
O.C. 1297-2011, s. 16; O.C. 1125-2017, s. 2111O.C. 1125-2017, s. 2112.