The Union Registry is the central platform that records all holdings and transactions of allowances under the EU ETS.

Types of Accounts

• Holding Accounts
  An entity with the obligation to surrender allowances in respect of reported emissions shall open a Holding Account. Different sectors (stationary installations; aircraft operators; shipping companies; ETS-2 regulated entities) have different types of Holding Accounts.
• Trading Accounts
  An entity that wishes to trade in allowances may open a Trading Account. A Trading Account cannot be used to comply with surrender obligations under the EU ETS.

How Does It Work?

Union Registry Regulation

The operations of the Union Registry are governed by the Commission Delegated Regulation (EU) 2019/1122, which supplements Directive 2003/87/EC. This regulation ensures a standardised, secure, and efficient system for managing allowances across the EU.

The National Registry Administrator

The Climate Action Authority is the National Registry Administrator for Malta. For further information in relation to the opening of accounts in the Union Registry of Malta, please contact the National Registry Administrators at:

Email: [email protected]

Phone: +356 23850500

Opening of a Trading Account

The Climate Action Authority is introducing a new requirement for applicants wishing to open a Trading Account in the Union Registry of Malta.

The new requirement requires that, in its account, an applicant shall have at least one (1) Authorised Representative who has a local presence in Malta. All applicants wishing to apply for a Trading Account must nominate at least one representative who maintains a local presence.

Additionally, any applicants seeking to open a Trading Account in the Union Registry of Malta must complete the below information questionnaire.

For any queries, please reach out to the National Registry Administrators on [email protected]