The Trusted account list
To carry out a transaction in the Union Registry, you first need, with a few exceptions, to add the recipient account to the Trusted account list. The addition of an account to the list requires the approval of second representative and takes four or seven working days, depending on the type of account, before it takes effect. The Trusted account list with associated time delays exists for security reasons.
Differences between account types
Operator holding accounts and aircraft operator holding accounts can only carry out transactions to accounts added to the Trusted account list. The account holder can apply to allow transactions outside the Trusted account list. A description of this can be found further down the page.
Trading accounts can carry out transactions to accounts outside the Trusted account list. However, these transactions have an extended delay compared to transactions to accounts on the Trusted account list. A description of this can be found further down the page.
Person holding accounts under the Kyoto Protocol can only carry out transactions to accounts on the Trusted account list. A description of this can be found further down the page.
Transaction delays
Transactions to accounts that are included in the Trusted account list are completed immediately if they are proposed between 10.00 and 16.00 CET during a working day.
The registry’s opening hours and transaction delays
Adding accounts to the Trusted account list
After the addition of a trusted account has been approved by a second representative, a delay of four working days is added before transactions can carried out. For person holding accounts under the Kyoto Protocol, the delay is seven working days.
The time delay begins and ends only during opening hours of the Union Registry, Monday to Friday between 10.00 and 16.00 CET, national holidays exempt. Once a second representative has approved the addition of a trusted account in the Union Registry, you will be given a date and time where the addition will take effect.
Example of time delay of four working days:
It is in no way possible to circumvent the delay. It is there to protect your account.
All accounts belonging to the same account holder are automatically added to the list of trusted accounts.
Deletion of an account from the Trusted account list takes place immediately.
Account Preferences
It is possible to apply for simplifications in the transaction procedure. These simplifications concern to the ability to carry out transactions with only one representative, as well as the ability to carry out transactions outside the Trusted account list (for operators and aircraft operators). Read more about the changes in the grey boxes below.
