Article 34O Aviation: allocation of allowances for 2021-2025 allocation period
(1) The registry administrator must allocate allowances in accordance with this article.
(2) Subject to paragraphs (3) to (8), allowances must be allocated in accordance with the aviation allocation table -
(a) for the 2021 scheme year, as soon as reasonably practicable after the aviation allocation table is published;
(b) for any other scheme year, on or before 28th February in that year.
(3) Allowances must not be allocated to a person unless and until the person has an aircraft operator holding account; they must be allocated by transferring them to that account.
(4) The regulator may, by notice to the registry administrator, require the registry administrator to withhold allowances that would otherwise have been allocated to a person for the 2022 scheme year or a subsequent scheme year if, in relation to the year before, the person was not an aircraft operator.