# 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 26: Closure of aircraft operator holding accounts

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

1. The competent authority shall notify the national administrator within 10 working days of notification by the account holder or of discovering after examining other evidence, that the aircraft operator merged into another aircraft operator or the aircraft operator has ceased all its operations covered by Annex I to Directive 2003/87/EC.
2. The national administrator may close an aircraft operator holding account if the following conditions are fulfilled:
(a) notification pursuant to paragraph 1 has been made;
(b) the year of last emission is registered in the Union Registry;
(c) verified emissions were registered for all years when the aircraft operator was included in the EU ETS;
(d) the aircraft operator 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 50(6).

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Source: https://www.legislation.gov.uk/eur/2019/1122/article/26 (the official version)
Page: https://openlegislation.uk/eu-regulation-2019-1122/article-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.