S.L. 643.5 Art. 6Issuance of a greenhouse gas emissions permit, conditions for this and contents of the permit. 7

(1) The Authority shall issue a greenhouse gas emissions permit granting authorization to the regulated entity for the activity listed in Schedule 1, if it is satisfied that the regulated entity is capable of complying with the requirements of these regulations and the conditions of the permit. A permit shall be issued within a period of ninety (90) days from the date on which the Authority receives the application containing a complete set of information in accordance with sub-regulation (3) of regulation 5, unless otherwise agreed in writing between the regulated entity and the Authority.

(2) The Authority shall, when issuing a greenhouse gas emissions permit, ensure that the permit includes, the inter alia, following:

(a) the name and address of the regulated entity;

(b) a description of the means by which the regulated entity releases fuels for consumption in the sectors listed in

Schedule 1;

(c) a list of fuels that the regulated entity releases for consumption in the sectors listed in Schedule 1;

(d) a reference to monitoring, reporting and verification requirements including the requirement to have a monitoring plan approved by the Authority;

(e) an obligation to report verified emissions of greenhouse gases specified for the activity listed in Schedule 1 for each calendar year, within three (3) months following the end of that calendar year;

(f) an obligation to surrender allowances equal to the total emissions of the regulated entity from the activity listed in Schedule 1 in each calendar year by 31st May of the following calendar year;

(g) any other conditions that the Authority considers appropriate to ensure compliance with the requirements of these regulations.

(3) The Authority may, at any time, review a greenhouse gas emissions permit issued to a regulated entity and make amendments to the permit as deemed appropriate and issue an updated permit:

Provided that the Authority shall inform the regulated entity covered by the permit of such amendments as early as possible prior to the issuance of an updated permit.

(4) The Authority may, at any time, vary the conditions of a permit in such a manner as it may deem fit, and issue an updated permit:

Provided that it shall inform the regulated entity covered by the permit of such variations as early as possible prior to the issuance of an updated permit.