EPA recordation.

(a) Within 5 business days of receiving a NO X allowance transfer, except as provided in paragraph (b) of this section, the Administrator will record a NO X allowance transfer by moving each NO X allowance from the transferor account to the transferee account as specified by the request, provided that: (1) The transfer is correctly submitted under § 96.60; (2) The transferor account includes each NO X allowance identified by serial number in the transfer; and (3) The transfer meets all other requirements of this part. (b) A NO X allowance transfer that is submitted for recordation following the NO X allowance transfer deadline and that includes any NO X allowances allocated for a control period prior to or the same as the control period to which the NO X allowance transfer deadline applies will not be recorded until after completion of the process of recordation of NO X allowance allocations in § 96.53(b). (c) Where a NO X allowance transfer submitted for recordation fails to meet the requirements of paragraph (a) of this section, the Administrator will not record such transfer.