Article 12 Opening accounts administered by the central administratorF1

The central administrator shall open all ETS management accounts in the Union Registry, the EU ESR AEA Total Quantity Account, the Deletion Account under Regulation (EU) 2018/842 ( ‘ ESR Deletion Account ’ ), the EU Annex II AEA Total Quantity Account, the EU ESR Safety Reserve Account and one ESR Compliance Account for each Member State for each year of the compliance period.

The national administrator designated pursuant to Article 7(1) shall act as authorised representative of the ESR Compliance Accounts.