European Union Transaction Log definition

European Union Transaction Log or “EUTL” means the independent transaction log provided for in Article 20(1) of the Directive, for the purpose of recording the issue, transfer and cancellation of allowances under the Scheme and established, operated and maintained pursuant to Article 4 of the Registry Regulations.
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Examples of European Union Transaction Log in a sentence

  • To operationalise the link between the EU ETS and the ETS of Switzerland, a direct link between the European Union Transaction Log (EUTL) of the Union registry and the Swiss Supplementary Transaction Log (SSTL) of the Swiss registry shall be established, which will enable the registry-to-registry transfer of emission allowances issued under either ETS.

  • To operationalise the link between the EU ETS and the ETS of Switzerland, a direct link between the European Union Transaction Log (EUTL) of the Union Registry and the Swiss Supplementary Transaction Log (SSTL) of the Swiss registry will be established, which will enable the registry-to-registry transfer of emission allowances issued under either ETS (Article 3(2) of the Agreement).

  • To operationalise the link between the EU ETS and the ETS of Switzerland, a direct link between the European Union Transaction Log (EUTL) of the Union Registry and the Swiss Supplementary Transaction Log (SSTL) of the Swiss registry shall be established, which will enable the registry-to- registry transfer of emission allowances issued under either ETS (Article 3(2) of the Agreement).

  • The LTS shall describe the detailed requirements for establishing a robust and secure connection between the Swiss Supplementary Transaction Lot (SSTL) and the European Union Transaction Log (EUTL).

  • To operationalise the link between the EU ETS and the ETS of Switzerland, a direct link between the European Union Transaction Log (EUTL) of the Union Registry and the Swiss Supplementary Transaction Log (SSTL) of the Swiss registry shall be established, which will enable the registry-to-registry transfer of emission allowances issued under either ETS (Article 3(2) of the Agreement).

  • Pursuant to Article 3(6) of the Agreement, the Swiss registry administrator and the Union central administrator shall determine common operational procedures (COP) related to technical or other matters necessary for the operation of the link between the European Union Transaction Log (EUTL) of the Union Registry and the Swiss Supplementary Transaction Log (SSTL) of the Swiss registry and taking into account the priorities of domestic legislation.

  • Thus, we expect a negative relationship between the EUA bank and observed convenience yields.Data on allowance banking behavior are available in the European Union Transaction Log (EUTL) and comprise installation-level information on free allocations, verified emissions and surrenders of both EUAs and Kyoto offsets against emissions (Zaklan et al., 2014).

  • The LTS shall specify that the communications between the Swiss Supplementary Transaction Log (SSTL) and the European Union Transaction Log (EUTL) consist in secure exchanges of Simple Object Access Protocol (SOAP) messages based on the following technologies1:• Web services using SOAP;• Hardware-based Virtual Private Network (VPN);• XML (Extensible Markup Language);• Digital signature; and• Network time protocols.

  • The National Administrator is required to disclose certain parts of the information in the European Union Transaction Log: https://ec.europa.eu/clima/ets/.The information provided to the National Administrator shall be subject to the data processing required by the Registry, and is accordance with the Commission Regulation (EU) No 2019/1122 of 12 March 2019.

  • The Union Registry and the European Union Transaction Log (EUTL) track the ownership of general and aviation allowances by recording the amounts owned in the accounts and the transactions between accounts.

Related to European Union Transaction Log

  • European Union means the member nations of the European Union established by the Treaty of European Union, signed at Maastricht on February 2, 1992, which amended the Treaty of Rome establishing the European Community.

  • Formation Transactions means the transactions contemplated by this Agreement and the other Formation Transaction Documentation.

  • Member States means the Member States of the Union;

  • Member State means a member state of the European Union.

  • European Economic Area means the member nations of the European Economic Area pursuant to the Oporto Agreement on the European Economic Area dated May 2, 1992, as amended.

  • EU means the European Union.

  • Participating Member State means any member state of the European Union that has the Euro as its lawful currency in accordance with legislation of the European Union relating to Economic and Monetary Union.

  • Significant business transaction means any business transaction or series of transactions that, during any one fiscal year, exceeds the lesser of $25,000 or 5 percent of the total operating expense of a provider.