Regulation 53A Failure to transfer or surrender allowances where underreporting discovered after transferF1F2
United Kingdom
A person is liable to a civil penalty where the person fails—
to effect a transfer (or to effect a transfer on time) of allowances, contrary to regulation 12A(3) (transfer of permits: underreporting discovered after transfer);
to surrender (or to surrender on time) allowances, contrary to regulation 12A(4).
The civil penalty is the sterling equivalent of 20 Euros for each allowance that the person failed to transfer or surrender.
Annotations
Textual amendments
- F1
Regulations revoked in so far as they continue to apply in relation to the UK Registry (1.5.2021) by The Greenhouse Gas Emissions (Kyoto Protocol Registry) Regulations 2021 (S.I. 2021/511), regs. 1, 12
- F2
Reg. 53A inserted (31.12.2020 immediately before IP completion day) by The Greenhouse Gas Emissions Trading Scheme (Withdrawal Agreement) (EU Exit) Regulations 2020 (S.I. 2020/1369), regs. 1(2), 19 (with reg. 46)