We inform you about the effectiveness of Commission Delegated Regulation (EU) 2023/1642 of 14 June 2023 amending Delegated Regulation (EU) 2019/1122 as regards the modernization of the functioning of the Union Registry. Among other things, this change brings the possibility to set central or voluntary thresholds on transaction for individual accounts in the Union Registry. It will be launched in the Union Registry on September 10, 2023.

From this day on, a threshold of 2 million allowances will be set for all standard transactions made in favor of accounts off the defined trusted account list. This threshold applies to the registries of all EU countries and transactions of the type "Transfer of allowances" or "Transfer of allowances to Switzerland" carried out in favor of accounts off the list trusted account list. If the amount of allowances in the transaction exceeds the threshold, the transaction is not executed.

It is also possible to set the following voluntary thresholds on transactions for individual accounts:

• single transaction limit
• accumulated daily transactions limit
• accumulated weekly transactions limit, work week (Monday to Friday)
• accumulated weekly transactions limit, last 7 days
• accumulated monthly transactions limit (calendar month)

Voluntary thresholds apply to transactions of the type "Transfer of allowances" or "Transfer of allowances to Switzerland". It applies to transactions in favor of accounts on and off the trusted account list. If the number of units in the transaction exceeds the specified threshold, the transaction is not executed.

Setting up a voluntary thresholds of transaction on individual accounts is not mandatory, and it is therefore entirely up to you whether these thresholds apply to your account or not. If you do not want these thresholds on your account, there is no need to set anything.

For more information, see the applicable legislation here, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.L_.2023.206.01.0001.01.ENG&toc=OJ%3AL%3A2023 %3A206%3AFULL.