# The Greenhouse Gas Emissions Trading Scheme Order 2020, Paragraph 9: Central accounts


(1) The UK ETS authority may open accounts in the name of the UK ETS authority for the purposes of the UK ETS, in particular—
(a) a total quantity account (for the creation of allowances under article 18);
(b) an allocation account (to hold allowances to be allocated under Part 4A);
(c) a new entrants' reserve account (to keep track of the new entrants' reserve referred to in article 34G);
(d) an auction account (to hold allowances to be auctioned under the Auctioning Regulations);
(e) a market stability mechanism account (to hold excess allowances unsold at auctions under the Auctioning Regulations);
(f) a deletion account (to hold allowances deleted under paragraph 23);
(g) a surrender account (to hold allowances surrendered under paragraph 24);
(h) one or more general holding accounts (to hold allowances transferred from accounts before closure under paragraph 30);
(i) a flexible reserve account (to keep track of the flexible reserve referred to in article 23A).
(2) An account held by the UK ETS authority is a “central account”.

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Source: https://www.legislation.gov.uk/uksi/2020/1265/schedule/5A/paragraph/9 (the official version)
Page: https://openlegislation.uk/greenhouse-gas-emissions-trading-scheme-order-2020/schedule-5A/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.