27.1. A transfer or retirement request for emission allowances must be proposed by an account representative.
The transfer or retirement request is then submitted to all the other account representatives, for confirmation by one of them within 2 days of being submitted.
When the transfer or retirement request is confirmed, a notice is sent to all the emitter’s or participant’s account representatives.
Unless otherwise indicated by one of the account representatives or if the Minister has serious grounds to believe that an offence under this Regulation has been committed, once the transfer or retirement request has been confirmed the emission allowances concerned by the request are transferred from the emitter’s general account to the emitter’s compliance account, or from the emitter’s or participant’s general account to the Minister’s retirement account, where they are extinguished.
Account representatives who have sent a transfer or retirement request for emission allowances must provide the Minister, on request and as soon as possible, with any additional information concerning transfer or the retirement.
O.C. 1184-2012, s. 18; O.C. 1138-2013, s. 8; O.C. 902-2014, s. 22.