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Q-2, r. 46.1 - Regulation respecting a cap-and-trade system for greenhouse gas emission allowances
Section 27.1
Disposition versions
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.
No request for the retirement of emission allowances may be made for compliance purposes under another cap-and-trade system for GHG emission allowances or GHG emissions reduction program.
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.
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.
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, with any additional information concerning transfer or the retirement.
27.1. A retirement request for emission allowances must be proposed by an account representative.
The 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 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 retirement request has been confirmed the emission allowances concerned by the request are transferred 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 retirement request for emission allowances must provide the Minister, on request, with any additional information concerning the retirement.
