Union Registry

The Union Registry is as of June 2012 the central registry, which contains all units and allowances of all former individual EU registries. Every EU member state manages its own part of the registry and is the focal point of all users in their registry part. All operator holding accounts for stationary installations and person holding accounts previously held in national registries were moved to Union Registry in June 2012. From that time on, users log in to Union Registry via authentication service EU Login. For activation of access to the account, an enrolment key provided by National Administrator has to be entered into the Union Registry (see user manual on how to register to the Union Registry – manuál na prihlásenie do registra Únie is available only in Slovak language).

We notify all authorized representatives that their login details are used to secure the access to the Union Registry and nobody should disclose them to another person under any circumstances.

With the introduction of single Union Registry, other changes have been introduced:

1.    Accounts

  • New EU accounts, that can be used for transactions with allowances (EUA, AEUA, CHU and CHUA) and Kyoto units (CER and ERU) have been created
  • Former, so called “SK” accounts are not necessary anymore (they have been transformed to person holding accounts after migration)

2.    Users

  • Two step verification is used for logging in – authorised representatives authenticate themselves with their password and QR code generated by EU Login mobile application; however, for security reasons it is still required to hold up to date mobile phone number in EU Login account that matches the mobile phone number recorded in the Union Registry
  • Users have been merged – one user has single login for all assigned accounts

3.    Transactions

  • Processing of transactions depends on transfer settings and the following schedule:
    • Transfer to account in the trusted accounts list:
      • Initiated (and approved when 4-eye principle is applied) during working days from 0:00 to 9:59 = will be completed on the same working day after 10:00
      • Initiated (and approved when 4-eye principle is applied) during working days from 10:00 to 16:00 = will be completed immediately
      • Initiated (and approved when 4-eye principle is applied) during working days from 16:01 to 23:59 and anytime during the weekend or holiday = will be completed on the next working day after 10:00
    • Transfer to account out of the trusted accounts list:
      • Approved on working day before 12:00 = will be completed on the next working day at 12:00
      • Approved on working day after 12:00 and anytime during the weekend or holiday = will be completed on the second working day at 12:00
  • Transfers are not initiated during Slovak public holidays
  • Upon initiation of a transfer, authorised representative shall indicate whether that transfer represents an over-the-counter trade executed between two entities without any intermediaries, e.g. a transaction that has not been registered at a market venue or cleared at a central counterparty; Transfers between different accounts of the same account holder should not be indicated as “bilateral transaction
  • Authorised representative can abort a transfer to account out of the trusted accounts list at least two hours before its execution according to abovementioned schedule
  • Account holders of (aircraft) operator holding accounts may opt to allow the transfers to accounts out of the trusted accounts list; such transfers are automatically allowed from trading accounts
  • Transactions and operations with the trusted accounts list are confirmed via QR code
  • So called “4-eye principle” was implemented – one account representative initiates a transaction or an operation in the registry and another account representative approves it, while at the same time initiator and approver cannot be the same person; this principle is mandatory for every operation with the trusted accounts list (addition or removal of account) and for transfers to accounts out of the trusted accounts list; for transactions to accounts on the trusted accounts list the account holder may opt for 2-eye principle only)
  • Serial numbers of allowances are not disclosed to users

4.    Trusted accounts list

  • The trusted account list complements the set of security measures that have been already implemented in the Union Registry
  • Each holding account and trading account may have a trusted account list that contains accounts recognized as trusted and transfers to such accounts will be completed in shorter time according to abovementioned schedule; all accounts held by the same account holder are included on the trusted accounts list automatically
  • Changes in the trusted accounts list (addition or removal of account) are subject to the 4-eye principle (see above)
  • The period for addition of an account to the trusted accounts list is four working days following the authorised representative’s approval
  • Removal of account from the trusted accounts list will be executed immediately after the authorised representative’s approval
  • Account holder may decide to apply 4-eye principle also for transfers to accounts on the trusted accounts list – in that case, such transfers have to be approved by another authorised representative (if the account holder opts for 2-eye principle only, transactions to accounts on the trusted accounts list doesn’t have to be approved by another authorised representative and will be completed automatically after their initiation by an authorised representative in due time)

Further information can be found in the European Commission statement.


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