Renewable Fuels Regulations (SOR/2010-189)

Marginal note:Ownership of compliance units

• 18. (1) On creation, a compliance unit is owned by the participant who created it.

• Marginal note:Single owner

  (2) At any given time, a compliance unit may only have a single owner.

Marginal note:Maximum number of gasoline compliance units

• 19. (1) Subject to subsection (3), the number of gasoline compliance units in respect of a gasoline compliance period that a primary supplier may own at the end of each month during the gasoline compliance period must not exceed the greater of

  • (a) six multiplied by the number of litres in the primary supplier’s gasoline pool at the end of that month, determined as if the compliance period ended at the end of that month, and

  • (b) 0.01 multiplied by the number of litres in the primary supplier’s gasoline pool for the preceding gasoline compliance period.

• Marginal note:Maximum number of distillate compliance units

  (2) Subject to subsection (3), the number of distillate compliance units in respect of a distillate compliance period that a primary supplier may own at the end of each month during the distillate compliance period must not exceed the greater of

  • (a) six multiplied by the number of litres in the primary supplier’s distillate pool at the end of that month, determined as if the compliance period ended at the end of that month, and

  • (b) 0.004 multiplied by the number of litres

    • (i) in the case of the first distillate compliance period, in the primary supplier’s distillate pool determined using the pre-distillate compliance period as if it were the distillate compliance period in question, and

    • (ii) in any other case, in the primary supplier’s distillate pool for the preceding distillate compliance period.

• Marginal note:Number of compliance units deemed not included

  (3) For the purpose of subsection (1) or (2), the number of gasoline compliance units or distillate compliance units, as the case may be, that a primary supplier owns at the end of a month is deemed not to include the number of those compliance units, in respect of the compliance period in question, that, during the next month, they transferred in trade that were in excess of those that they received in trade.

Marginal note:To primary suppliers

• 20. (1) A compliance unit may only be transferred in trade to a primary supplier.

• Marginal note:When trading permitted

  (2) Only a compliance unit created during, or carried forward into, a compliance period may be transferred in trade, and only if the trade occurs during the trading period in respect of the compliance period.

Marginal note:Carry forward — primary suppliers (gasoline)

• 21. (1) Before the end of the trading period in respect of a gasoline compliance period, a primary supplier may carry forward their surplus gasoline compliance units — up to a maximum of 0.01 multiplied by the number of litres in their gasoline pool for that gasoline compliance period — into the next gasoline compliance period.

• Marginal note:Surplus gasoline compliance units

  (2) The number of surplus gasoline compliance units referred to in subsection (1) is the number that equals the number of litres determined according to the following formula:

  RF_G – (0.05 × P_G)

  where

  RF_G 

  is the volume, expressed in litres, that the primary supplier determined for RF_G in accordance with subsection 8(1) for that gasoline compliance period; and

  P_G 

  is the number of litres in the primary supplier’s gasoline pool for that gasoline compliance period, as determined in accordance with section 6.