20.—(1) The carbon emissions reduction obligation of one generator or supplier (“person A”) may be treated as achieved in whole or part by qualifying action completed by a generator or a supplier (“person B”) (“a transfer”).
(2) A transfer only has effect if approved by the Authority.
(3) To obtain approval, persons A and B must—
(a)apply for approval in writing to the Authority by 31st December 2012; and
(b)provide to the Authority such information, including the number and type of qualifying actions in question, as the Authority may reasonably require.
(4) The Authority must not approve a transfer where it has reasonable grounds to believe that, if the transfer were approved, the carbon emissions reduction obligation placed on person B will not be achieved.
(5) If the Authority decides not to approve a transfer under paragraph (4) it must notify persons A and B of the reasons for that decision.
(6) The completed qualifying action under a transfer does not count towards the carbon emissions reduction obligation of person B.