Paragraph 26 Amendments to Schedule 5A (Registry)

(1)

Paragraph 24 is amended as follows.

(2)

For sub-paragraph (1), substitute—

“(1)

The operator of an installation, a person who is an aircraft operator in relation to a scheme year or a person who is a maritime operator in relation to a scheme year may surrender an allowance by transferring the allowance from—

(a)

the operator’s operator holding account for the installation;

(b)

the aircraft operator’s aircraft operator holding account; or

(c)

the maritime operator’s maritime operator holding account,

to the surrender account.”.

(3)

In sub-paragraph (3)(a)—

(a)

in sub-paragraph (ii), delete the “and”;

(b)

after sub-paragraph (ii), insert—

“(iii)

where the person requesting the reversal is a maritime operator in relation to a scheme year, the person’s obligation to surrender allowances under paragraph 15 of Schedule 2A; and”.