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Q-2, r. 46.1 - Regulation respecting a cap-and-trade system for greenhouse gas emission allowances
Section 59
Disposition versions
59. Every emitter that wishes to purchase emission units at a sale by mutual agreement must, at least 30 days before the sale, register with the Minister as a purchaser by submitting the following information and documents:
(1) the emitter’s name, contact information and compliance account number;
(2) the names of the emitter’s account representatives;
(3) (subparagraph revoked).
In addition, at least 12 days before the date of the sale by mutual agreement, the emitter must submit a financial guarantee in Canadian dollars valid for a period of at least 26 days following the date of the sale, in one of the forms referred to in the second paragraph of section 48.
In all cases, an emitter must, at least 40 days before the date of each sale by mutual agreement, send the Minister an update of the following information:
(1) all information or documents required under section 7 or 7.2 concerning the identity, ownership, administration and structure of the emitter’s establishment or enterprise;
(2) the existence of any business relationship referred to in section 9;
(3) the allocation of the holding limit among the related entities.
59. Every emitter that wishes to purchase emission units at a sale by mutual agreement must, at least 30 days before the sale, register with the Minister as a purchaser by submitting the following information and documents:
(1) the emitter’s name, contact information and compliance account number;
(2) the names of the emitter’s account representatives;
(3) (subparagraph revoked).
In addition, at least 12 days before the date of the sale by mutual agreement, the emitter must submit a financial guarantee in Canadian dollars valid for a period of at least 26 days following the date of the sale, in one of the forms referred to in the second paragraph of section 48.
In all cases, an emitter must, at least 40 days before the date of each sale by mutual agreement, send the Minister an update of the following information:
(1) all information or documents required under section 7 or 7.2 concerning the identity, ownership, administration and structure of the emitter’s establishment or enterprise;
(2) the existence of any business relationship referred to in section 9;
(3) the allocation of the holding limit among the related entities.
Any change is made to the information referred to in subparagraph 3 of the third paragraph less than 30 days before the date of the sale by mutual agreement, results in the the emitter being refused participation in the sale.
59. Every emitter that wishes to purchase emission units at a sale by mutual agreement must, at least 30 days before the sale, register with the Minister as a purchaser by submitting the following information and documents:
(1) the emitter’s name, contact information and compliance account number;
(2) the names of the emitter’s account representatives;
(3) a financial guarantee in Canadian dollars, valid for a period of at least 26 days following the date of the sale, in one of the forms referred to in the second paragraph of section 48.
In all cases, an emitter must, at least 40 days before the date of each sale by mutual agreement, send the Minister an update of the following information:
(1) all information or documents required under section 7 or 7.2 concerning the identity, ownership, administration and structure of the emitter’s establishment or enterprise;
(2) the existence of any business relationship referred to in section 9;
(3) the allocation of the holding limit among the related entities.
Any change is made to the information referred to in subparagraph 3 of the third paragraph less than 30 days before the date of the sale by mutual agreement, results in the the emitter being refused participation in the sale.
59. Every emitter that wishes to purchase emission units at a sale by mutual agreement must, at least 30 days before the sale, register with the Minister as a purchaser by submitting the following information and documents:
(1) the emitter’s name, contact information and compliance account number;
(2) the names of the emitter’s account representatives;
(3) a financial guarantee in Canadian dollars, valid for a period of at least 26 days following the date of the sale, in one of the forms referred to in the second paragraph of section 48.
An emitter registered as a purchaser at a sale by mutual agreement in accordance with the first paragraph remains registered for all following sales, unless the emitter applies for a cancellation of registration.
In all cases, an emitter must, at least 40 days before the date of each sale by mutual agreement, send the Minister an update of the following information:
(1) all information or documents required under section 7 concerning the identity, ownership, administration and structure of the emitter’s establishment or enterprise;
(2) the existence of any business relationship referred to in section 9;
(3) the allocation of the holding limit among the related entities.
Any change is made to the information referred to in subparagraph 3 of the third paragraph less than 30 days before the date of the sale by mutual agreement, results in the the emitter being refused participation in the sale.
59. Every emitter that wishes to purchase emission units at a sale by mutual agreement must, at least 30 days before the sale, register with the Minister as a purchaser by submitting the following information and documents:
(1) the emitter’s name, contact information and compliance account number;
(2) the names of the emitter’s account representatives;
(3) a financial guarantee in Canadian dollars, valid for a period of at least 26 days following the date of the sale, in one of the forms referred to in the second paragraph of section 48.
An emitter registered as a purchaser at a sale by mutual agreement in accordance with the first paragraph remains registered for all following sales, unless the emitter applies for a cancellation of registration.
In all cases, an emitter must update, at least 30 days before the date of each sale by mutual agreement, the following information:
(1) all information or documents required under section 7 concerning the identity, ownership, administration and structure of the emitter’s establishment or enterprise;
(2) the existence of any business relationship referred to in section 9;
(3) the allocation of the holding limit among the related entities.
Any change is made to the information referred to in subparagraph 3 of the third paragraph less than 30 days before the date of the sale by mutual agreement, results in the the emitter being refused participation in the sale.
59. Every emitter that wishes to purchase emission units at a sale by mutual agreement must, at least 30 days before the sale, register with the Minister as a purchaser by submitting the following information and documents:
(1) the emitter’s name, contact information and compliance account number;
(2) the names of the emitter’s account representatives;
(3) a financial guarantee in Canadian dollars, valid for a period of at least 21 days following the date of the sale, in one of the forms referred to in the second paragraph of section 48.
An emitter registered as a purchaser at a sale by mutual agreement in accordance with the first paragraph remains registered for all following sales, unless the emitter applies for a cancellation of registration.
In all cases, an emitter registered at a sale by mutual agreement must confirm, at least 30 days before the date of each sale, or update, at least 40 days before the date of each sale, the information and documents referred to in the first paragraph and in sections 7 to 12, failing which the emitter’s or participant’s registration for the sale will be cancelled.
59. Every emitter that wishes to purchase emission units at a sale by mutual agreement must, at least 30 days before the sale, register with the Minister as a purchaser by submitting the following information and documents:
(1) the emitter’s name, contact information and compliance account number;
(2) the names of the emitter’s account representatives;
(3) a financial guarantee valid for a period of at least 21 days following the date of the sale, in one of the forms referred to in the second paragraph of section 48.
An emitter registered as a purchaser at a sale by mutual agreement in accordance with the first paragraph remains registered for all following sales, unless the emitter applies for a cancellation of registration.
In all cases, an emitter registered at a sale by mutual agreement must confirm, at least 30 days before the date of each sale, or update, at least 40 days before the date of each sale, the information and documents referred to in the first paragraph and in sections 7 to 12, failing which the emitter’s or participant’s registration for the sale will be cancelled.
59. Every emitter that wishes to purchase emission units at a sale by mutual agreement must, at least 2 weeks before the sale, register with the Minister as a purchaser by submitting the following information and documents:
(1) the emitter’s name, contact information, identification number and account numbers;
(2) an offer to purchase stating
(a) the quantity of emission units sought, in each category and by lots of 1,000 emission units, up to the emitter’s holding limit;
(b) a financial guarantee in an amount equal to or in excess of the amount of the offer to purchase, in one of the forms referred to in the second paragraph of section 48.
An offer to purchase submitted by an emitter will be refused by the Minister if it specifies a quantity of emission units that exceeds the quantity to be sold, causes the holding limit determined in accordance with section 32 to be exceeded, or exceeds the value of the financial guarantee submitted in accordance with subparagraph b of subparagraph 2 of the first paragraph.
