Article 30 Transfers of surplus actions
Where—
a supplier (“C”) has achieved a surplus action (“S”); and
the Administrator has approved an application made in respect of S under article 27(5),
S may be regarded as achieved by another supplier (“D”) (“a transfer”) if that transfer is approved by the Administrator in accordance with this article.
C and D must—
apply for approval in writing to the Administrator by no later than 30th April 2017;
provide to the Administrator such information as the Administrator may reasonably require; and
indicate whether D intends S to be credited towards D’s—
total carbon emissions reduction obligation;
total carbon saving community obligation; or
total home heating cost reduction obligation.
The Administrator must approve a transfer unless—
D has indicated that it intends S to be credited towards a different obligation to the one it is credited against at the time the application is made; and
in a case where sub-paragraph (a) applies, the Administrator is not satisfied that S meets the applicable requirement in article 27(3)(c) in respect of that different obligation.
If the Administrator decides not to approve a transfer under paragraph (3) it must notify C and D of the reasons for that decision.
If a transfer is approved, S is treated as achieved by D and not C.