The Clean Heat Market Mechanism Regulations 2025
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Change 1
24 Certificates: transfer
(1) During a transfer period, scheme participants and certificate holders may transfer certificates in accordance with the following provisions of this regulation. (2) A transfer may be made of a half certificate, but not of a unit smaller than one half of a certificate. (3) Only a scheme participant may acquire certificates as a result of a transfer. (4) Each party to a transfer must notify the administrator of the transfer before the end of the transfer period, and each notification must include— (a) the name recorded in the registry of the scheme participant or certificate holder which is the transferor; (b) the name recorded in the registry of the scheme participant which is the transferee; and (c) the number of certificates transferred. (5) A scheme participant or a certificate holder which is party to a transfer of a certificate must inform the other party to the transfer of its name in the registry, for the purposes of the notification under paragraph (4). (6) In this regulation, “transfer period” means the period beginning with 1st October of each scheme year and ending with 30th September following the end of that scheme year.
24 Certificates: transfer
(1) During a transfer period, scheme participants and certificate holders may transfer certificates in accordance with the following provisions of this regulation. (2) A transfer may be made of a half certificate, but not of a unit smaller than one half of a certificate. (3) Only a scheme participant may acquire certificates as a result of a transfer. (4) Each party to a transfer must notify the administrator of the transfer before the end of the transfer period, and each notification must include— (a) the name recorded in the registry of the scheme participant or certificate holder which is the transferor; (b) the name recorded in the registry of the scheme participant which is the transferee; and (c) the number of certificates transferred. (5) A scheme participant or a certificate holder which is party to a transfer of a certificate must inform the other party to the transfer of its name in the registry, for the purposes of the notification under paragraph (4). (6) In this regulation, “transfer period” means the period beginning with 1st October of each scheme year and ending with 30th September following the end of that scheme year.
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