Trusted accounts
To perform a transaction in the Union Registry, you first need to add the recipient to the list of trusted accounts, with some exceptions.
Adding an account to the list requires approval from a second representative and then takes four to seven business days to go through, depending on the account type.
The trusted account list with its associated time delays exists for security reasons.
What applies to different account types?
Operator holding accounts can only carry out transactions to accounts that are 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 under the simplified transaction procedure section on the Transactions and trading page.
Trading accounts can carry out transactions to accounts outside the trusted account list. However, these transactions have a longer time delay compared to transactions to accounts on the trusted account list. A description of this can be found further down the page.
Adding an account to the trusted account list
After the addition of a trusted account has been approved by a second representative, there is a four-business day delay before a transaction can initiate.
The time delay starts and ends only during the Union Registry's opening hours, Monday to Friday between 10:00 and 16:00 CE(S)T excluding national holidays.
When a second representative has approved the addition of a trusted account in the Union Registry, the date and time when the account becomes trusted are displayed in the user interface.
Example of a four-business-day time delay:
There is no way to bypass the delay. It is there to protect the account.
All accounts belonging to the same account holder are automatically added to the trusted accounts list.
Removal of an account from the trusted accounts list is immediate.
