Q-2, r. 46.1 - Regulation respecting a cap-and-trade system for greenhouse gas emission allowances

Section 25 Disposition versions

2017-11-29

25. Every emitter or participant who wishes to trade emission allowances with another emitter or participant must follow the procedure established in section 26 and send the Minister a transaction request containing the following information:

(1)  the general account number of the seller;

(2)  the general account number of the buyer;

(3)  the quantity, type and, where applicable, vintage of the emission allowances to be traded;

(4)  the settlement price of each type and, where applicable, each vintage of emission allowances, as well as the method used to determine the settlement price;

(5)  the type of emissions trading agreement, the date of signing of the agreement and the agreed upon trading date;

(6)  where applicable, all other transactions or products covered by the agreement, a description of those transactions or products, and the name and contact information of the other parties involved.

Despite subparagraph 4 of the first paragraph, an emitter or participant is not required to disclose the settlement price of the emission allowances when the transaction is between related entities or is a bundled transfer.

O.C. 1297-2011, s. 25; O.C. 1184-2012, s. 18; O.C. 1138-2013, s. 6; O.C. 902-2014, s. 20; O.C. 1125-2017, s. 26.

2015-01-01

25. Every emitter or participant who wishes to trade emission allowances with another emitter or participant must follow the procedure established in section 26 and send the Minister a transaction request containing the following information:

(1)  the general account number of the seller;

(2)  the general account number of the buyer;

(3)  the quantity, type and, where applicable, vintage of the emission allowances to be traded;

(4)  the settlement price of each type and, where applicable, each vintage of emission allowances, as well as the method used to determine the settlement price;

(5)  the type of emissions trading agreement, the date of signing of the agreement and the agreed upon trading date;

(6)  where applicable, all other transactions or products covered by the agreement, a description of those transactions or products, and the name and contact information of the other parties involved.

Despite subparagraph 4 of the first paragraph, an emitter or participant is not required to disclose the settlement price of the emission allowances when the transaction is between related entities.

O.C. 1297-2011, s. 25; O.C. 1184-2012, s. 18; O.C. 1138-2013, s. 6; O.C. 902-2014, s. 20.

2013-11-28

25. Every emitter or participant who wishes to trade emission allowances with another emitter or participant must follow the procedure established in section 26 and send the Minister a transaction request containing the following information:

(1)  the general account number of the seller;

(2)  the general account number of the buyer;

(3)  the quantity, type and, where applicable, vintage of the emission allowances to be traded;

(4)  the settlement price of each type and, where applicable, each vintage of emission allowances;

(5)  the date of signing of the agreement concerning the trading of emission allowances.

Despite subparagraph 4 of the first paragraph, an emitter or participant is not required to disclose the settlement price of the emission allowances when the transaction is between related entities.

O.C. 1297-2011, s. 25; O.C. 1184-2012, s. 18; O.C. 1138-2013, s. 6.

2012-12-19

25. Every emitter or participant who wishes to trade emission allowances with another emitter or participant must follow the procedure established in section 26 and send the Minister a transaction request containing the following information:

(1)  the general account number of the seller;

(2)  the general account number of the buyer;

(3)  the quantity, type and, where applicable, vintage and serial number of the emission allowances to be traded;

(4)  the settlement price of each type and, where applicable, each vintage of emission allowances;

(5)  the date of signing of the agreement concerning the trading of emission allowances.

Despite subparagraph 4 of the first paragraph, an emitter or participant is not required to disclose the settlement price of the emission allowances when the transaction is between related entities.

O.C. 1297-2011, s. 25; O.C. 1184-2012, s. 18.

2012-09-01

25. Within 3 business days of signing an agreement concerning a transaction of emission allowances, the emitter or participant who wishes to trade emission allowances must send the Minister a transaction notice including the following information:

(1)  the name and contact information of the seller, buyer and, where applicable, their account representatives;

(2)  the identification number and general account number of the seller and buyer;

(3)  the quantity and type of emission allowances traded and, where applicable, their identification by serial number;

(4)  the settlement price of each type of emission allowance to be traded and the total amount of the transaction;

(5)  the planned date of the transaction, if it is intended that the transaction take effect more than 7 business days after the filing of the notice;

(6)  the declaration provided for in Part III of Appendix B, signed by the account representative or electronic submission agent.

A copy of the transaction notice must also be sent to the buyer, who must confirm it with the Minister within 2 business days to allow the transaction to be recorded in the system.

O.C. 1297-2011, s. 25.