ECC Emissions Account Setup

Updated on: Mar 21, 2025

Latest Event


  • Mar. 18, 2025 TP Forms
  • On Mar. 18, 2025, ECC issued a zip file with 2 application forms: Application for approval as a trading participant in emission rights spot contracts and emission rights futures (3rd party registry account) dated Mar. 13, 2025, (TP_EEX_04b release 001).
  • Application for approval as a trading participant in emission rights spot contracts and emission rights futures (own registry account) Feb. 10, (TP_EEX_04a Release 009a).

On Nov. 25, ECC issued circular on new emissions account setup.

  • ECC issued circular on new emissions account setup on adjustments that require the provision of a new TP form for some customers, in relation to single registry account.
  • Overview
  • A single ECC registry account will work as a reference account, for each member.
  • Defined for every transaction between member's internal SMSS account at ECC and the Union Registry, while delivery to accounts will require application process.
  • For instance delivery to any account other than the reference account means an application, which must be substantiated by the successful bidder/trading participant.
  • Transition Phase Actions
  • If a company already has one company-owned trusted account, there will be no change unless company wishes to use an alternative account going forward.
  • If this is the case, ECC need to be informed via a TP form, and those that use several registry accounts for transfers from ECC, need to email their TP form to ECC.
  • Company must nominate which one of these to use as the reference account.
  • ECC will delete all other accounts from Trusted Account List and no longer send certificates, in which case EEX/ECC Key Account manager will be in contact.
  • Effectiveness
  • All completed forms must be returned by Jan. 31, 2025.
  • Form must be signed by registered RTR contacts or authorized signatory.
  • Jan. 2025 TP Form Submission Deadline Extended
  • On Jan. 29, 2025, ECC issued circular updating on cir 63/2024, which explained that a mandatory Registry Account obligation was introduced, from Nov. 25, 2024.
  • ECC updated TP form for customers wanting to trade Emissions Spot/Derivatives without having registry account; option added to TP Form TP_EEX_04_Emission Rights.
  • Stated that when using this option, form contains confirmation not to create any physical registry transfers; if already trading on EEX without having a Registry account notified to ECC, ECC explained the updated TP Form must be provided once again.
  • Deadline to provide TP Form has been extended from Jan. 31, 2025 to Apr. 30, 2025.
  • Mar. 18, 2025 TP Forms
  • On Mar. 18, 2025, ECC issued a zip file with 2 application forms: Application for approval as a trading participant in emission rights spot contracts and emission rights futures (3rd party registry account) dated Mar. 13, 2025, (TP_EEX_04b release 001).
  • Application for approval as a trading participant in emission rights spot contracts and emission rights futures (own registry account) Feb. 10, (TP_EEX_04a Release 009a).
Regulators
ECC
Entity Types
B/D; Depo; Exch
Reference
Form TP_EEX_04a V009a, Form TP_EEX_04b V001, 3/18/2025; Cir 04/2025, 1/29/2025; Cir 63/2024, PR, 11/25/2024
Functions
Compliance; Legal; Operations; Registration/Licensing; Reporting; Risk; Settlement; Trade Reporting; Trading; Treasury
Countries
EU Exchange
Category
State
N/A
Products
Clearing; Commodities; Futures
Rule Type
Final
Regions
EMEA
Rule Date
Nov 25, 2024
Effective Date
Apr 30, 2025
Rule ID
234828
Linked to
N/A
Reg. Last Update
Mar 18, 2025
Report Section
EU