Account types

Several types of accounts can be opened in the Union Registry. Each account type has a more or less specific purpose which determines the account's functionality and thus possible applicants.

 

 

Some accounts can only be opened in the EU ETS while others are only available in the registries under the Kyoto Protocol. This page covers the account types that are available to the public. In addition to them, there are account types can be used only by Member States, the European Commission or parties to the Kyoto Protocol.

Account types in the EU ETS

Operator holding account

All the installations included in the EU ETS have an operator holding account. The account can receive free allocation of allowances, emissions can be entered and verified, and it is also possible to transfer and surrender allowances.

Except for the specific functionality described above, the account type corresponds to a personalperson account, see below.


The account is free of charge but can only be opened if a greenhouse gas permit exists for the installation.

Aircraft operator account

All aircraft operators included in the ETS have an aircraft operator account. The account can receive free allocation of allowances, emissions can be entered and verified, and it is also possible to transfer and surrender allowances.

Except for the specific functionality described above, the account type corresponds to a personalperson account, see below.

The account is free of charge but can only be opened if a monitoring plan exists for the aircraft operator.

Trading account

The account type for you who want to trade on the EU ETS market. Can also hold international credits (CER/ERU) originating in the Kyoto Protocol.

The accounts can be opened by private individuals, companies as well as operators and aircraft operators. There are fees associated with the account.

Person holding account

The account type for you who want to trade on the EU ETS market. Can also hold international credits (CER/ERU) originating in the Kyoto Protocol.

Compared with trading accounts, personalperson holding accounts have better protection against intrusion, and thus there is a designed inertia in the transfer process.

The accounts can be opened by private individuals, companies as well as operators and aircraft operators. There are fees associated with the account.

Verifier account

Verifier accounts can only be opened by an organization which is accredited as a verifier according to directive 2003/87/EC. The account type is used by verifiers for verification purposes and in some cases to enter emissions for operators and aircraft operators. Therefore, the account cannot hold units. Verifier accounts require only one authorised representative.

The account can only be opened by an accredited verifier. The account is free of charge

 

Account types in the registry under the Kyoto protocol

Person holding account

The account type for you who want to trade with units originating from the Kyoto Protocol. The account type should not be mixed up with person holding accounts in the EU ETS, even if it has the same functionality and inertia in the transfer process.

The accounts can be opened by private individuals, companies as well as operators and aircraft operators. There are fees associated with the account.

Fees

Trade accounts and person holding accounts are subject to opening and annual fees. For information on current fees, see XXX.

Restrictions

The main difference between trading accounts and person holding accounts in the EU ETS is how transfers are done. In the matrix below we try to explain the difference. Learn more about trusted accounts.

TRANSFER FROM TO TRUSTED ACCOUNT TO OTHER ACCOUNTS
Holding account 26-hour delay on transfer delivery. No approval by additional authorised representative is required but required if one is registered on the account. Not allowed.
Trading account No 26-hour delay on transfer delivery. No approval of additional authorised representative is required unless the account holder chooses have one on the account. 26-hour delay. An additional authorised representative must approve the transfer.

Person holding account

The account type for you who want to trade with units originating from the Kyoto Protocol. The account type should not be mixed up with person holding accounts in the EU ETS, even if it has the same functionality and inertia in the transfer process.

The accounts can be opened by private individuals, companies as well as operators and aircraft operators. There are fees associated with the account.

Fees

Trade accounts and person holding accounts are subject to opening and annual fees. For information on current fees, see XXX.

Restrictions

The main difference between trading accounts and person holding accounts in the EU ETS is how transfers are done. In the matrix below we try to explain the difference. Learn more about trusted accounts.

TRANSFER FROM TO TRUSTED ACCOUNT TO OTHER ACCOUNTS
Holding account 26-hour delay on transfer delivery. No approval by additional authorised representative is required but required if one is registered on the account. Not allowed.
Trading account No 26-hour delay on transfer delivery. No approval of additional authorised representative is required unless the account holder chooses have one on the account. 26-hour delay. An additional authorised representative must approve the transfer.