Article 7 Establishment of RTF Accounts
The Administrator must establish and maintain an account, in which the balance of RTF certificates held and other matters are to be recorded, for each person who—
is, or is likely to become, subject to a renewable transport fuel obligation,
applies for an account, and
satisfies the Administrator that the person is a transport fuel supplier.
A person must apply for an account under paragraph (1) not later than the end of the period of 28 days beginning on the date on which the person becomes an obligated supplier.
The Administrator may establish and maintain an account for each of the following who applies for an account—
any transport fuel supplier who is not, and is not likely to become, subject to a renewable transport fuel obligation, and
any other person who intends to trade or invest in RTF certificates.
The Administrator may not establish an account for a supplier or other person referred to in paragraph (3) unless the Administrator is satisfied that the supplier or other person—
has good reason to hold an account, and
has consented to allowing the Administrator such access to premises (other than a dwelling), computers, records, or documents, as the Administrator may require in order to verify information given by the supplier or other person.
A supplier or other person who applies for an account under this article must provide such information or produce such evidence (or both) to the Administrator as the latter may reasonably request in order to satisfy the Administrator that—
in the case of an application under paragraph (1), the person is a transport fuel supplier, or
in the case of an application under paragraph (3), the supplier or other person has good reason to hold an account and has consented to access as referred to in paragraph (4)(b).
A supplier or other person who applies for an account under this article must ensure that the information provided or evidence produced is accurate to the best of the supplier’s or other person’s knowledge and belief.
The Administrator may reject any application under this article if the Administrator reasonably believes that—
the information provided to the Administrator under this article is inaccurate or incomplete, or
in the case of an application under paragraph (3), the supplier or other person does not have good reason to hold an account or has not consented to access as referred to in paragraph (4)(b).
An “account holder” is a supplier or other person for whom the Administrator establishes an account pursuant to this article.
The accounts referred to in this article must be established and maintained in electronic form or in such other form as the Administrator determines is appropriate (or in both forms).