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  • © ICIS HEREN - Registries unlikely to reopen before Friday
    2011-01-26

    None of the EU emissions registries have filed for a reopening request with the European Commission as of 15:45 (CET) on Wednesday (26th January), a Brussels spokeswoman confirmed. This means no registry will be open until at least late Thursday afternoon.
    At this stage, it is unlikely registries will even be able to fulfil the Commission`s report criteria by the end of Thursday, indicating most registries will not reopen before Monday 31 January.
    Had emissions registries submitted their reports prior to 19:00 CET on Tuesday, they would have potentially been given the all-clear to reopen on Wednesday evening - the earliest it was possible to do so.
    The Commission said it will issue a statement 24 hours ahead of any registry reopening.
    "Reports are expected in the coming days," the spokeswoman said.
    In the reports, EU registries must prove their security systems are robust enough to prevent future attack from hackers. The specific details remain confidential, although the Commission has said that requirements would be "similar to those applied to other sensitive IT systems, like electronic banking systems."

    Country comments
    Dutch emissions registry NEa told ICIS Heren on Wednesday it expects "to meet the requirements set and transactions to be possible again from Monday," suggesting it will send its report on Friday.
    Germany`s DEHSt registry said on Wednesday morning it planned to send its report by the end of the day, although by mid-afternoon this had yet to happen. The Czech Republic - one of the registries raided in last week`s attacks - maintains it could be closed for up to two weeks to allow for the criminal investigation. Were it not for the police enquiry, it could technically open within 3-5 days, it said on Wednesday.
    The Slovak registry Dexia said it is now updating a new mobile phone text message security system and would need account holders to return additional security information responses by 13 February. Whether this means the registry will be closed until then remained unclear.
    The Polish registry Kashue has also said it is upping security using a similar technology, although no specific details were given.
    Finland`s registry confirmed it did not expect to be open before the end of the week.
    Other EU registries did not respond when contacted by ICIS Heren.
    All of the EU`s emissions registries were closed last Wednesday, following the theft of around 2m EU allowances from the Czech, Austrian and Greek registries.
    (THE ICIS HEREN REPORTS - EDCM 6017 / 26 January 2011)

     

    ECX spot remains closed until February

    London-based emissions exchange ECX will remain closed for spot trading until the beginning of February, according to a company statement on Wednesday (26th January).
    "The suspension of trading in the contracts is extended until the open of business on Tuesday 1 February 2011, subject to further notice," a statement read.
    The exchange and its clearing house are continuing to investigate the matter.
    Trading of all other future EUAs, CERs and emission reduction units (ERUs) remains possible, however.
    Paris-based bourse BlueNext is to remain shut until it has received official lists of all stolen allowances, and has filtered them through its system, it reiterated on Wednesday.
    The exchange said it had received the majority of the lists, but some were still outstanding.
    (THE ICIS HEREN REPORTS - EDCM 6017 / 26 January 2011)


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