Article 3 Definitions

For the purposes of this Regulation, the definitions in Article 3 of Regulation (EU) No 1031/2010 and in Article 3 of Commission Delegated Regulation (EU) 2019/331^f1 shall apply. The following definitions shall also apply:

1. (1)

   ‘central administrator’ means the person designated by the Commission pursuant to Article 20 of Directive 2003/87/EC;

2. (2)

   ‘national administrator’ means the entity responsible for administering on behalf of a Member State a set of user accounts under the jurisdiction of a Member State in the Union Registry, designated in accordance with Article 7;

3. (3)

   ‘account holder’ means a natural or legal person that holds an account in the Union Registry;

4. (4)

   ‘account information’ means all information necessary to open an account or register a verifier, including all information on representatives assigned to them;

5. (5)

   ‘competent authority’ means the authority or authorities designated by a Member State pursuant to Article 18 of Directive 2003/87/EC;

6. (6)

   ‘verifier’ means a verifier as defined in Article 3(3) of Commission Implementing Regulation (EU) 2018/2067^f2;

7. (7)

   ‘aviation allowances’ means allowances created pursuant to Article 3c(2) of Directive 2003/87/EC, including allowances, created for the same purpose, stemming from emission trading systems that are linked to the EU ETS under Article 25 of that Directive;

8. (8)

   ‘general allowances’ means all other allowances created pursuant to Directive 2003/87/EC, including allowances stemming from emission trading systems that are linked with the EU ETS pursuant to Article 25 of that Directive;

9. (9)

   ‘process’ means an automated technical means to carry out an action relating to an account or a unit in the Union Registry;

10. (10)

    ‘execution’ means the finalisation of a process proposed for execution that may result in completion if all conditions are fulfilled or in termination;

11. (11)

    ‘working day’ means any day of the year from Monday to Friday;

12. (12)

    F1‘ transaction ’ means a process in the Union Registry that involves the transfer of an allowance or an annual emission allocation unit from one account to another account;

13. (13)

    ‘surrender’ means the accounting of an allowance by an operator or aircraft operator against the verified emissions of its installation or aircraft;

14. (14)

    ‘deletion’ means the definitive disposal of an allowance by its holder without accounting it against verified emissions;

15. (15)

    ‘money laundering’ means money laundering as defined in Article 1(3) of Directive (EU) 2015/849;

16. (16)

    ‘serious crime’ means serious crime as defined in Article 3(4) of Directive (EU) 2015/849;

17. (17)

    ‘terrorist financing’ means terrorist financing as defined in Article 1(5) of Directive (EU) 2015/849;

18. (18)

    ‘directors’ means the persons discharging managerial responsibilities as defined in Article 3(1) point (25) of Regulation (EU) No 596/2014;

19. (19)

    ‘parent undertaking’ means parent undertaking as defined in Article 2(9) of Directive 2013/34/EU of the European Parliament and of the Council^f3;

20. (20)

    ‘subsidiary undertaking’ means subsidiary undertaking as defined in Article 2(10) of Directive 2013/34/EU;

21. (21)

    ‘group’ means group as defined in Article 2(11) of Directive 2013/34/EU;

22. (22)

    ‘central counterparty’ means central counterparty as defined in Article 2(1) of Regulation (EU) No 648/2012 of the European Parliament and of the Council^f4;

23. (23)

    F2‘ ESR compliance period ’ means the period from 1 January 2021 to 31 December 2030 during which the Member States are to limit their greenhouse gas emissions pursuant to Regulation (EU) 2018/842;

24. (24)

    ‘ annual emission allocation unit ’ means a subdivision of a Member State's annual emission allocation determined pursuant to Article 4(3) and Article 10 of Regulation (EU) 2018/842 equal to 1 tonne of carbon dioxide equivalent.