Paragraph 28A Closure of maritime operator holding accountsF1F2
This paragraph applies where—
the regulator is satisfied that a person has ceased to perform maritime activity and there is no realistic prospect that the person will resume maritime activity;
the person has complied with the requirements of paragraph 15 of Schedule 2A or the regulator considers that there is no reasonable prospect of the requirements being complied with; and
where relevant, any deficit notice given under article 44A to the person has been complied with or the regulator considers that there is no reasonable prospect of the deficit notice being complied with.
The regulator must instruct the registry administrator to close the maritime operator holding account.
The registry administrator must give notice to the person as soon as reasonably practicable after the account is closed.
Annotations
Textual amendments
- F1
Sch. 5A inserted (31.12.2020) by The Greenhouse Gas Emissions Trading Scheme (Amendment) Order 2020 (S.I. 2020/1557), arts. 2(1), 37
- F2
Sch. 5A para. 28A inserted (1.7.2026) by The Greenhouse Gas Emissions Trading Scheme (Amendment) (Extension to Maritime Activities) Order 2026 (S.I. 2026/392), art. 1(1), Sch. 2 para. 27