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Q-2, r. 46.1 - Regulation respecting a cap-and-trade system for greenhouse gas emission allowances

Section 27
Disposition versions

Full text
27. Every emitter who wishes to transfer emission allowances from the emitter’s general account to the emitter’s compliance account, or every emitter or participant who wishes to retire from the system emission allowances recorded in the emitter’s general account must send to the Minister a request including
(1)  the emitter’s or participant’s general, and where applicable, compliance account number;
(2)  the quantity, type and, where applicable, vintage of the emission allowances to be transferred or retired;
(3)  the reason for which the emitter or participant wishes to retire the emission allowances, if applicable.
An emitter or a participant may retire no more than 10,000 emission units per year.
O.C. 1297-2011, s. 27; O.C. 1184-2012, s. 18; O.C. 1138-2013, s. 7; O.C. 1125-2017, s. 27; O.C. 1462-2022, s. 23.
27. Every emitter who wishes to transfer emission allowances from the emitter’s general account to the emitter’s compliance account, or every emitter or participant who wishes to retire from the system emission allowances recorded in the emitter’s general account must send to the Minister a request including
(1)  the emitter’s or participant’s general, and where applicable, compliance account number;
(2)  the quantity, type and, where applicable, vintage of the emission allowances to be transferred or retired.
An emitter or a participant may retire no more than 10,000 emission units per year.
O.C. 1297-2011, s. 27; O.C. 1184-2012, s. 18; O.C. 1138-2013, s. 7; O.C. 1125-2017, s. 27.
27. Every emitter or participant who wishes to carry out a transaction to transfer emission allowances from the emitter’s or participant’s general account to the emitter’s or participant’s compliance account or to retire from the system certain emission allowances recorded in the emitter’s or participant’s general account must send to the Minister a request including the following information:
(1)  the emitter’s or participant’s general and, where applicable, compliance account number;
(2)  the quantity, type and, where applicable, vintage of the emission allowances to be transferred or retired.
O.C. 1297-2011, s. 27; O.C. 1184-2012, s. 18; O.C. 1138-2013, s. 7.
27. Every emitter or participant who wishes to retire from the system certain emission allowances recorded in the emitter’s or participant’s general account must, in accordance with the procedure established by section 27.1, send to the Minister a retirement request including the following information:
(1)  the emitter’s or participant’s general account number;
(2)  the quantity, type and, where applicable, vintage and serial number of the emission allowances to be retired.
O.C. 1297-2011, s. 27; O.C. 1184-2012, s. 18.
27. When a transaction cannot be completed because of an error or omission in the information included in the notice referred to in section 25, because the notice does not meet the requirements of that section, because an account does not contain enough emission allowances or for any other reason, the Minister so notifies the parties concerned within 5 business days of the failure of the transaction.
O.C. 1297-2011, s. 27.
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