Draft Order to Implement the CRC The right to reply… paragraph by paragraph.

Cite <blockquote cite='http://writetoreply.org/carbon/2009/03/12/2313-timing-of-designated-changes/#1'>Designated Changes are deemed to have taken effect at the start of the emissions year during which the change took place. Where a participant or Principal Subsidiary is purchased by another party in the middle of the year, the purchasing organisation that owns the Participant or Principal Subsidiary at the end of that emissions year would need to report and surrender allowances for the original participant or Principal Subsidiary for the entire year. Doing so will reduce the administrative burden on both the seller and the buyer of the organisation, avoiding the buyer and seller having to negotiate and calculate the share of emissions that each would take on. It will also make it simpler to adjust both the revenue recycling and historic emissions baselines to reflect the transfer. Whilst the new parent will have to surrender allowances corresponding with a full year of emissions from the entity it has purchased, its recycling payment would reflect the purchase.</blockquote> Permalink:
1 Designated Changes are deemed to have taken effect at the start of the emissions year during which the change took place. Where a participant or Principal Subsidiary is purchased by another party in the middle of the year, the purchasing organisation that owns the Participant or Principal Subsidiary at the end of that emissions year would need to report and surrender allowances for the original participant or Principal Subsidiary for the entire year. Doing so will reduce the administrative burden on both the seller and the buyer of the organisation, avoiding the buyer and seller having to negotiate and calculate the share of emissions that each would take on. It will also make it simpler to adjust both the revenue recycling and historic emissions baselines to reflect the transfer. Whilst the new parent will have to surrender allowances corresponding with a full year of emissions from the entity it has purchased, its recycling payment would reflect the purchase.

Cite <blockquote cite='http://writetoreply.org/carbon/2009/03/12/2313-timing-of-designated-changes/#2'>To reduce administrative burdens only Designated Changes are deemed to take place at the start of the year. The purchase or sale of a non-Principal Subsidiary or site would be deemed to take effect at the time of the purchase and the purchasing organisation would need to report and surrender allowances to cover the part of the year for which it owned it.</blockquote> Permalink:
2 To reduce administrative burdens only Designated Changes are deemed to take place at the start of the year. The purchase or sale of a non-Principal Subsidiary or site would be deemed to take effect at the time of the purchase and the purchasing organisation would need to report and surrender allowances to cover the part of the year for which it owned it.

Cite <blockquote cite='http://writetoreply.org/carbon/2009/03/12/2313-timing-of-designated-changes/#3'>When a Designated Change takes place any affected participants must notify the Administrators within three months and provide details of the date the change took place and the other parties involved.</blockquote> Permalink:
3 When a Designated Change takes place any affected participants must notify the Administrators within three months and provide details of the date the change took place and the other parties involved.

Cite <blockquote cite='http://writetoreply.org/carbon/2009/03/12/2313-timing-of-designated-changes/#4'>Article 47 and Schedule 17 of the Draft Order address the timing of Designated Changes.</blockquote> Permalink:
4 Article 47 and Schedule 17 of the Draft Order address the timing of Designated Changes.

Cite <blockquote cite='http://writetoreply.org/carbon/2009/03/12/2313-timing-of-designated-changes/#5'>Yes / No / Don’t know If no, please explain your reasoning</blockquote> Permalink:
5

Yes / No / Don’t know

If no, please explain your reasoning

Cite <blockquote cite='http://writetoreply.org/carbon/2009/03/12/2313-timing-of-designated-changes/#6'>Question 3. Do you agree that designated business change should be deemed to have taken place at the start of the emissions year?</blockquote> Permalink:
6 Question 3. Do you agree that designated business change should be
deemed to have taken place at the start of the emissions year?

Cite <blockquote cite='http://writetoreply.org/carbon/2009/03/12/2313-timing-of-designated-changes/#7'>Yes / No / Don’t know If no, please explain your reasoning</blockquote> Permalink:
7

Yes / No / Don’t know

If no, please explain your reasoning

Tags: Designated Change

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