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4.—(1) Where any of the following applies to a participant in an annual reporting year—
(a)a change in its eligibility criteria for a CCA; or
(b)a change in the application of EU ETS to it,
the participant must notify the change to the administrator within three months of that change.
(2) Sub-paragraph (3) applies where a notification is made under—
(a)sub-paragraph (1); or
(b)Parts 1 or 2 or section 2 of Part 3 of Schedule 6.
(3) Where this sub-paragraph applies, the administrator must calculate, in respect of the participants which may be affected by the change, the appropriate adjustments to—
(a)where it exists, the historic average of CRC emissions; or
(b)otherwise, the relevant CRC emissions in the relevant annual reporting years.
(4) The adjustments made under sub-paragraph (3) must be applied by the administrator when it calculates absolute change and relative change.
(5) The administrator may make adjustments equivalent to those in sub-paragraph (4) where a participant enters into a new CCA or an existing CCA is modified such that a CCA applies to emissions which would be CRC emissions of the participant.
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