Review of account information according to the legal obligations

Annual confirmation of account data

Account holders are legally obliged to confirm to the Austrian Emissions Trading Registry by 31.12. each year that their account details remain complete, up-to-date, accurate and true. This obligation is laid down in Article 22 (1) of Regulation (EU) 2019/1122 or in Article 25 (1) (EU) 389/2013 for accounts in the Kyoto Protocol Registry.

Article 22 (1) of Regulation (EU) 2019/1122 states:

“All account holders shall notify the national administrator within 10 working days of changes to the account information. In addition, account holders shall confirm to the national administrator by 31 December each year that their account information remains complete, up-to-date, accurate and true.”

The Austrian Emissions Trading Registry accepts confirmations received between 1 October and 31 December. The Registry provides a special service reminding account holders and authorised representatives from October onwards of this obligation and sending each account holder a pre-filled sample confirmation letter by post. The written confirmation has to be duly signed by the account holder and sent by post to the Austrian Emissions Trading Registry.

Account review

According to Article 22 (4) of Regulation (EU) 2019/1122, the Austrian Emissions Trading Registry is legally obliged to carry out a review of the accounts and the information associated with these accounts in the Austrian part of the Union registry. For accounts in the Kyoto Protocol Registry this obligation is laid down in Article 25 (4) (EU) 389/2013.

Article 22 (4) (EU) 2019/1122 states:

“At least once every three years, the national administrator shall review whether the account information remains complete, up-to-date, accurate and true, and shall request that the account holder notify any changes as appropriate. [...]”

If the review undertaken by the Austrian Emission Trading Registry shows that an update of information is necessary, or that up-to-date documents have to be submitted, the account holders and the authorised representatives concerned will be informed accordingly.