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"Point in Time" Regulation Content

Greenhouse Gas Industrial Reporting and Control Act

Greenhouse Gas Emission Control Regulation

B.C. Reg. 250/2015

NOTE: Links below go to reg content as it was prior to the changes made on the effective date. (PIT covers changes made from September 19, 2009 to present)
SECTIONEFFECTIVE DATE
Section 2 June 4, 2018
Section 5.1 June 4, 2018
Section 5.2 June 4, 2018
Section 6 June 4, 2018
Section 6.1 June 4, 2018
Section 6.2 June 4, 2018

 Section 2 definition of "general account" was added by BC Reg 107/2018, effective June 4, 2018.

 Section 2 definitions of "primary representative" and "secondary account representative" BEFORE amended by BC Reg 107/2018, effective June 4, 2018.

"primary account representative", in relation to an account, means the individual identified by the account holder under section 6 (1) (f) [opening accounts — requirements];

"secondary account representative", in relation to an account, means an individual authorized under section 6 (1) (g) (i) (B) by the account holder's primary account representative.

 Section 5.1 was enacted by BC Reg 107/2018, effective June 4, 2018.

 Section 5.2 was enacted by BC Reg 107/2018, effective June 4, 2018.

 Section 6 BEFORE re-enacted by BC Reg 107/2018, effective June 4, 2018.

Opening accounts — requirements

6   (1) A person, other than the government, who is authorized or required to hold an account may establish an account by applying to the registry administrator with the following information:

(a) the legal name and mailing address of the head office,

(i) if the person is the operator of a regulated operation, of each operator of the regulated operation,

(ii) if the person is a project proponent, of the project proponent, or

(iii) if the person is neither an operator of a regulated operation nor the proponent of a project, of the person in whose name the account is to be held;

(b) the trade name or other name, if any, of the operator of a regulated operation, the regulated operation, the project proponent or the other person;

(c) the type of organization of the operator of the regulated operation, the project proponent or the other person and, if applicable, the registration number assigned by the registrar of companies;

(d) in the case of a regulated operation, the name and contact information for the operation representative, as defined in section 1 (1) [definitions and interpretation] of the Greenhouse Gas Emission Reporting Regulation, of the regulated operation;

(e) the type of account to be opened;

(f) the name of the individual who, on behalf of the account holder, is to

(i) have electronic access to the person's accounts,

(ii) be authorized to conduct transactions in the registry, and

(iii) manage the person's accounts in the registry;

(g) a signed statement of an officer or director of the account holder that

(i) the primary account representative identified under paragraph (f) has the account holder's authority to

(A) have electronic access to the account holder's account and conduct transactions in the registry on behalf of the account holder, and

(B) authorize other individuals to exercise the powers of the primary account representative on behalf of the account holder, and

(ii) the account holder agrees to abide by the terms and conditions referred to in section 3 (2) [BC Carbon Registry];

(h) if approved by the director, other information specified by the registry administrator.

(2) An application under subsection (1) must include

(a) a copy of one piece of valid government-issued photo identification for the primary account representative,

(b) contact information, including an email address and telephone number at which the primary account representative can be contacted, and

(c) a signed statement of the primary account representative that

(i) the identification provided under paragraph (a) is the primary account representative's identification, and

(ii) the primary account representative agrees to abide by the terms and conditions referred to in section 3 (2).

(3) If the primary account representative authorizes another individual to exercise the powers of the primary account representative on behalf of the account holder, the following must be submitted to the registry administrator, in respect of each secondary account representative authorized by the primary account representative:

(a) a copy of one piece of valid government-issued photo identification;

(b) contact information, including an email address and telephone number at which the secondary account representative can be contacted;

(c) a signed statement of the secondary account representative that

(i) the identification provided under paragraph (a) is the secondary account representative's identification, and

(ii) the secondary account representative agrees to abide by the terms and conditions referred to in section 3 (2).

(4) A person who holds an account must advise the registry administrator of any change in the information provided under subsections (1) to (3).

(5) It is a condition of holding an account that the primary account representative for the account holder has authority to, by electronic means, conduct transactions in the registry, and manage the accounts, on behalf of the account holder until the registry administrator receives written notice from that account holder cancelling the authority of the primary account representative.

(6) It is a condition of holding an account that a secondary account representative, if any, has authority to, by electronic means, conduct transactions in the registry, and manage the accounts, on behalf of the account holder whose primary account representative authorized the secondary account representative until the registry administrator receives written notice from the primary account representative or account holder cancelling the authority of the secondary account representative.

(7) It is a condition of holding an account that the account holder agrees that the registry administrator is not liable, and neither the BC Carbon Registry nor the government is vicariously liable, for any loss or damage occasioned to the account holder because of anything done or not done by a primary account representative, or a secondary account representative, acting or purporting to act under the authority referred to in subsection (5) or (6), as applicable.

(8) It is a condition of holding an account that the account holder agrees that the registry administrator is not liable, and neither the BC Carbon Registry nor the government is vicariously liable, for any loss or damage occasioned to the account holder through the registry because of a breach of the account holder's security system.

 Section 6.1 was enacted by BC Reg 107/2018, effective June 4, 2018.

 Section 6.2 was enacted by BC Reg 107/2018, effective June 4, 2018.