S.L. 643.2 Art. 13Union registry. 18 [

(1) Allowances issued to operators of installations in terms of these regulations shall be held in the Union registry. An operator of an installation shall have an operator holding account in respect of that installation in the Union registry.

(2) The national registry administrator shall perform its functions in accordance with the relevant decisions and regulations adopted by the Commission pursuant to Directive 2003/87/EC: Provided that, in respect of operator holding accounts of operators of installations to which these regulations apply, the Authority shall act as the national registry administrator: Provided also that, where the Authority acts as the national registry administrator there shall be no conflict of interest between the Authority and holders of operator holding accounts.

(3) A request to open an operator holding account shall be made by the Authority or the operator of the installation to the national registry administrator.

(4) A request for the opening of an operator holding account shall include all information required by the national registry administrator in accordance with the relevant decisions and regulations adopted by the Commission pursuant to Directive 2003/ 87/EC and any requirements and terms and conditions made by the national registry administrator. S.L.643.02 INSTALLATIONS

(5) The national registry administrator shall open and administer an operator holding account for an operator of an installation in accordance with the relevant decisions and regulations adopted by the Commission pursuant to Directive 2003/ 87/EC and any terms and conditions it may make. The national registry administrator shall not open an account unless it is satisfied that the request is in accordance with the requirements of this regulation.

(6) An operator holding account holder and its nominated authorised representatives shall act in accordance with the relevant decisions and regulations adopted by the Commission pursuant to Directive 2003/87/EC and any terms and conditions made by the national registry administrator.

(7) Where an operator of an installation fails to comply with any requirements of decisions and regulations adopted by the Commission in respect of registries or terms and conditions made by the national registry administrator in respect of registries, the national registry administrator may prevent the transfer of allowances or other accounting units into or out of any operator holding account held by that operator until any non-compliance is rectified: Provided that the national registry administrator shall not prevent the surrender or cancellation of allowances in accordance with regulation 22.