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 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:

Time of approval Delay starts Addition takes effect
Week 1, Thursday 11:30 Week 1, Thursday 11:30 Week 2, Wednesday 11:30
Week 2, Wednesday 11:30 Week 2, Monday 10:00 Week 2, Friday 10:00
Week 1, Monday 19:00 Week 1, Tuesday 10:00 Week 2, Monday 10:00

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 apply 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.

Transactions with only one representative

The default setting for all accounts is that two representatives are required to carry out transactions to accounts on the Trusted account list; one representative to initiate the transaction and another representative to approve the transaction.

Account holders may decide to allow the execution of transactions with only one representative. The change will then apply to transactions to all recipient accounts that are on the Trusted account list on the specific account.

The application to change to approval with one representative is initiated in the Union Registry by a representative under the "Trusted account list" tab. The Swedish Energy Agency will via e-mail then send a form for a decision on change to the account holder. The form must be signed by two authorised representatives, alternatively a signatory, and then submitted to the Swedish Energy Agency.

Note that the change is made for one account only. If the account holder wants to make the change to more than one account, the change needs to be initiated in the registry for each account to which the change shall apply.

Transactions outside the Trusted account list

Account holders of an operator holding account or aircraft operator holding account may decide to allow transactions to accounts that are not on the Trusted account list.

The application to change is initiated in the Union Registry by an authorised representative under the "Trusted account list" tab of an account. The Swedish Energy Agency will then send a form via e-mail for decision on change to the account holder. The form must be signed by two authorised representatives, alternatively a signatory, and then submitted to the Swedish Energy Agency.

If the account holder wants to implement the change on more than one account, the change needs to be initiated on all accounts to which the change shall apply. The change does not need to be made for trading accounts as they already allow transactions outside the Trusted account list.