109Incoming international transfers of carbon units

#### 109 Incoming international transfers of carbon units (1) If: (a) the Regulator receives an instruction for the transfer of a carbon unit from a foreign account; and (b) the conditions (if any) specified in the regulations are satisfied; the Regulator must make an entry for the carbon unit in the relevant Registry account. (2) However, the Regulator may refuse to make an entry for the carbon unit in the relevant Registry account if the Regulator has reasonable grounds to suspect that the instruction is fraudulent. (3) If the Regulator decides to refuse to make an entry for the carbon unit in the relevant Registry account, the Regulator must give written notice of the decision to the person who gave the instruction.