S.L. 643.3 Art. 10Registry.

(1) Chapter II allowances issued to aircraft operators in terms of these regulations shall be held in the Union registry. An aircraft operator shall have an aircraft operator holding account in the Union registry.

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

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

(4) A request for the opening of an aircraft 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.

(5) The national registry administrator shall open and administer an aircraft operator holding account for an aircraft operator 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 account holder of an aircraft operator holding account 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 aircraft operator 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 and out of the aircraft operator holding account held by that aircraft operator until non-compliance is rectified: Provided that the national registry administrator shall not prevent surrender or cancellation of allowances in accordance with regulation 16.

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