EPA recordation.

(a) Within 5 business days (except as provided in paragraph (b) of this section) of receiving a CAIR NO X Ozone Season allowance transfer, the Administrator will record a CAIR NO X Ozone Season allowance transfer by moving each CAIR NO X Ozone Season allowance from the transferor account to the transferee account as specified by the request, provided that: (1) The transfer is correctly submitted under § 96.360; and (2) The transferor account includes each CAIR NO X Ozone Season allowance identified by serial number in the transfer. (b) A CAIR NO X Ozone Season allowance transfer that is submitted for recordation after the allowance transfer deadline for a control period and that includes any CAIR NO X Ozone Season allowances allocated for any control period before such allowance transfer deadline will not be recorded until after the Administrator completes the deductions under § 96.354 for the control period immediately before such allowance transfer deadline. (c) Where a CAIR NO X Ozone Season allowance transfer submitted for recordation fails to meet the requirements of paragraph (a) of this section, the Administrator will not record such transfer.