# Commission Delegated Regulation (EU) 2019/1122 of 12 March 2019 supplementing Directive 2003/87/EC of the European Parliament and of the Council as regards the functioning of the Union Registry (Text with EEA relevance), Article 25: Closure of operator holding accounts

Extent: E+W+S+N.I.

1. The competent authority shall notify the national administrator within 10 working days of the withdrawal of a greenhouse gas emissions permit or knowledge of cessation of operation of an installation. Within 10 working days of such a notification, the national administrator shall record the relevant date in the Union Registry.
2. The national administrator may close an operator holding account if the following conditions are fulfilled:
(a) the installation ceased operation or the greenhouse gas emissions permit was withdrawn;
(b) the year of last emission is registered in the Union Registry;
(c) verified emissions were registered for all years when the operator was included in the EU ETS;
(d) the operator of the relevant installation has surrendered an amount of allowances equal to or greater than its verified emissions;
(e) no return of excess allowances is pending pursuant to Article 48(4).

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Source: https://www.legislation.gov.uk/eur/2019/1122/article/25 (the official version)
Page: https://openlegislation.uk/eu-regulation-2019-1122/article-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.