A new registry regulation for Phase IV of the EU emissions trading system (ETS) has been published recently, and will replace the current registry regulation from 1 January 2021. Among other changes, the new registry regulation will accommodate allowances originating from the Swiss Emissions Trading Scheme, recognise EU allowances as financial instruments, and make administrative changes to account management. We expect that these changes may have an impact on operations and trading documentation of market participants, and these should, accordingly, be reviewed.  Please click here to read more.