# The Greenhouse Gas Emissions Trading Scheme Order 2020, Paragraph 30: Balance in accounts to be closed


(1) This paragraph applies where there are allowances in an account that is to be closed under paragraph 27, 28, 28A or 29(2) or (3).
(2) Subject to sub-paragraph (3), the registry administrator must give notice to the account holder, requiring the account holder to transfer the allowances to another account on or before a date set out in the notice; and if the account holder does not comply with the notice, the registry administrator must transfer the allowances to a general holding account before closing the account.
(3) If the account to be closed has been suspended, the registry administrator must transfer the allowances to a general holding account before closing the account.

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Source: https://www.legislation.gov.uk/uksi/2020/1265/schedule/5A/paragraph/30 (the official version)
Page: https://openlegislation.uk/greenhouse-gas-emissions-trading-scheme-order-2020/schedule-5A/paragraph-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.