# The Greenhouse Gas Emissions Trading Scheme Order 2020, Paragraph 24: Surrender of allowances


(1) The operator of an installation, a person who is an aircraft operator in relation to a scheme year or a person who is a maritime operator in relation to a scheme year may surrender an allowance by transferring the allowance from—
(a) the operator’s operator holding account for the installation;
(b) the aircraft operator’s aircraft operator holding account; or
(c) the maritime operator’s maritime operator holding account,
to the surrender account.
(2) An allowance that has been transferred to the surrender account may not be transferred from the surrender account and ceases to be available for any other purpose.
(3) But the transfer of an allowance to the surrender account may be reversed under paragraph 22(3) if—
(a) the person requesting the reversal has complied with—
(i) where the person requesting the reversal is the operator of an installation, the person's obligations to surrender allowances under article 27 in respect of the installation;
(ii) where the person requesting the reversal is an aircraft operator in relation to a scheme year, the person's obligations to surrender allowances under article 34; ...
(iii) where the person requesting the reversal is a maritime operator in relation to a scheme year, the person’s obligation to surrender allowances under paragraph 15 of Schedule 2A; and
(b) the reversal of the transfer would not result in the person being in breach of those obligations.

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Source: https://www.legislation.gov.uk/uksi/2020/1265/schedule/5A/paragraph/24 (the official version)
Page: https://openlegislation.uk/greenhouse-gas-emissions-trading-scheme-order-2020/schedule-5A/paragraph-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.