EPA recordation.

(a) Within 5 business days (except as necessary to perform a transfer in perpetuity of CAIR SO 2 allowances allocated to a CAIR SO 2 unit or as provided in paragraph (b) of this section) of receiving a CAIR SO 2 allowance transfer, the Administrator will record a CAIR SO 2 allowance transfer by moving each CAIR SO 2 allowance from the transferor account to the transferee account as specified by the request, provided that: (1) The transfer is correctly submitted under § 96.260; (2) The transferor account includes each CAIR SO 2 allowance identified by serial number in the transfer; and (3) The transfer is in accordance with the limitation on transfer under § 74.42 of this chapter and § 74.47(c) of this chapter, as applicable. (b) A CAIR SO 2 allowance transfer that is submitted for recordation after the allowance transfer deadline for a control period and that includes any CAIR SO 2 allowances allocated for any control period before such allowance transfer deadline will not be recorded until after the Administrator completes the deductions under § 96.254 for the control period immediately before such allowance transfer deadline. (c) Where a CAIR SO 2 allowance transfer submitted for recordation fails to meet the requirements of paragraph (a) of this section, the Administrator will not record such transfer. [70 FR 25362, May 12, 2005, as amended at 71 FR 25389, Apr. 28, 2006]