9VAC5-140-7310. Recordation

A. Within five business days of receiving a CO 2 allowance transfer, except as provided in subsection B of this section, the department or its agent will record a CO 2 allowance transfer by moving each CO 2 allowance from the transferor account to the transferee account as specified by the request, provided that: 1. The transfer is correctly submitted under 9VAC5-140-7300 ; and 2. The transferor account includes each CO 2 allowance identified by serial number in the transfer. B. A CO 2 allowance transfer into or out of a compliance account that is submitted for recordation following the CO 2 allowance transfer deadline and that includes any CO 2 allowances that are of allocation years that fall within a control period prior to or the same as the control period to which the CO 2 allowance transfer deadline applies will not be recorded until after completion of the process pursuant to 9VAC5-140-7260 B. C. Where a CO 2 allowance transfer submitted for recordation fails to meet the requirements of subsection A of this section, the department or its agent will not record such transfer.