S.L. 643.2 Art. 14Issuance of allowances allocated to operators of installations and validity of allowances.

(1) The Authority shall, by 30th June of each year, issue the quantity of free Chapter III allowances that are to be allocated for that year to each installation included in the list referred to in sub-

regulation (8) of regulation 11, as determined in accordance with regulation 11:

Provided that the allowances allocated to each installation are issued to the operator holding account opened in respect of that installation in accordance with regulation 13:

Provided further that no allowances may be issued to an installation whose inscription in the list referred to in sub-regulation

(8) of regulation 11 has not been approved by the Commission.

(2) Issuance of allowances shall be carried out in accordance with the relevant decisions and regulations adopted by the European Commission pursuant to Directive 2003/87/EC.

(3) Where –

(a) an installation has ceased its operations, unless the operator demonstrates to the Authority that this installation will resume production within a specified and reasonable time; or

(b) a permit has been changed, in accordance with regulation 7, in such a way that it no longer applies to an installation; or

(c) a permit has been surrendered in accordance with regulation 9; or INSTALLATIONS

(d) a permit has been revoked in accordance with regulation 10, the Authority shall inform the national registry administrator. The national registry administrator shall ensure that no further allowances are issued to the operator in respect of an installation subject to any of the conditions under this sub-regulation, for the first year after the year when the installation ceases its operations, or the change in the permit, the surrender of the permit or the revocation of the permit has come into effect, and for subsequent years.

(4) Chapter III allowances issued in accordance with sub-regulation (1) in respect of the period beginning 1st January, 2013 and subsequent periods shall be valid indefinitely. Allowances issued as from 1st January, 2021 in a ten-year period shall be valid for emissions from the first year of that period onwards.