9VAC5-140-7320. Notification

A. Within five business days of recordation of a CO 2 allowance transfer under 9VAC5-140-7310 , the department or its agent will notify each party to the transfer. Notice will be given to the CO 2 authorized account representatives of both the transferor and transferee accounts. B. Within 10 business days of receipt of a CO 2 allowance transfer that fails to meet the requirements of 9VAC5-140-7310 A, the department or its agent will notify the CO 2 authorized account representatives of both accounts subject to the transfer of (i) a decision not to record the transfer and (ii) the reasons for such nonrecordation. C. Nothing in this section shall preclude the submission of a CO 2 allowance transfer for recordation following notification of nonrecordation.