# The Greenhouse Gas Emissions Trading Scheme Regulations 2012, Regulation 53A: Failure to transfer or surrender allowances where underreporting discovered after transfer

Extent: E+W+S+N.I.

(1) A person is liable to a civil penalty where the person fails—
(a) 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);
(b) to surrender (or to surrender on time) allowances, contrary to regulation 12A(4).
(2) The civil penalty is the sterling equivalent of 20 Euros for each allowance that the person failed to transfer or surrender.

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Source: https://www.legislation.gov.uk/uksi/2012/3038/regulation/53A (the official version)
Page: https://openlegislation.uk/greenhouse-gas-emissions-trading-scheme-regulations-2012/regulation-53A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.