Singapore legislation

Clause 41

Registers to be kept and maintained by Agency

The Agency must keep and maintain one or more registers, in which is or are entered such particulars as the Agency may determine, for the following:

(a)

registered persons;

(b)

reportable facilities of registered persons;

(c)

taxable facilities of registered persons;

(d)

registry accounts in the Carbon Credits Registry.

Without affecting subsection (1), the Agency must enter the following particulars into the register of registry accounts for each registry account:

(a)

the taxable facility and registered person to which the registry account relates;

(b)

the number and carbon price of the carbon credits credited into the registry account, and the date of the crediting;

(c)

the number and carbon price of the carbon credits surrendered by the registered person, and the date of the surrender;

(d)

the number and carbon price of the carbon credits in the registry account that are cancelled by the Agency, and the date of the cancellation;

(e)

such other information as may be prescribed.

Any register mentioned in subsection (1) may be kept and maintained electronically.

Where there is a deregistration under section 10, or a registry account is suspended under section 32 or closed under section 33, the Agency may —

(a)

remove the relevant register entry and the particulars under it, from the relevant register; or

(b)

indicate the fact of such deregistration, suspension or closure against the relevant register entry in the relevant register.

Without affecting subsection (4), if the Agency is satisfied that —

(a)

any registered person is wound up or dissolved;

(b)

any registered person has ceased to have operational control over any reportable facility or taxable facility of the registered person; or

(c)

any reportable facility or taxable facility has ceased to be under the operational control of any person,the Agency may —

(i)

remove the relevant register entry and the particulars under it, from the relevant register; or

(ii)

indicate that fact against the relevant register entry in the relevant register.