- Does a Registrant need to have a certificate account on the MiQ Registry?
Registrants do not have accounts on the MiQ Digital Registry. Registrants provide information to the MiQ Digital Registry in relation to facilities. Certificates for a Registrant’s facilities must be issued into an account held by an Account Holder. The same legal entity may be both a Registrant and an Account Holder. If the Registrant entity is not also an Account Holder, the Registrant must identify an account held by another Account Holder for the issuance of certificates.
- What is the definition of a facility?
The requirements for a facility (asset) are defined in the relevant supply-chain segment standard. For onshore production, a facility is defined as “all natural gas production equipment located in a single geologic field or basin under the responsibility of a common owner or operator (including leased, rented, or contracted activities)”. Please check the relevant MiQ Standard for further information.
- Which entity in my organisation should I use as the Account Holder and Registrant?
You can choose any legal entity you use for each role. Provided that the entities have the capability and the relevant information that needs to be provided to the MiQ Digital Registry, you can select the entities within your organisation that best suit your operational and commercial needs. However, we find that companies typically need to consider the following:
– It may be easier for the entity that already sells gas to buyers to be the Account Holder. This allows the normal market-facing entity to deliver certificates to buyers under its contractual commitments for sales of certified gas or unbundled ICG Certificates.
– It may be easier for the asset-owning company to be the Registrant since the asset-owning company has the relevant information about the facilities (assets).
– You can also choose a different entity, such as the parent company, to act as both Registrant and Account Holder.
– One organisation can have as many Registrant and Account Holder entities as it requires (although each facility can only be assigned to one Registrant).
– For each facility (asset), the Registrant nominates the account into which certificates will be issued.
– If an organisation uses different entities for the Registrant and Account Holder roles, some companies prefer the asset-owning company to have its own account for issuance of certificates. The asset-owning company can then transfer the certificates to the marketing entity when required. The alternative is for certificates to be issued directly into the marketing entity’s account.
This means that there are several options for setting up entities as Registrant or Account Holder, including:
– Asset owner as Registrant and Account Holder (but if the asset owner is not also the market-facing entity, it may need to deliver certificates to customers as agent for the normal market-facing entity).
– Asset owner as Registrant, market-facing entity as Account Holder (practical option, each entity is best placed to carry out the relevant tasks on the Registry, least work required).
– Asset owner as Registrant and Account Holder, market-facing entity as additional Account Holder (an additional step is required for the asset-owner to transfer certificates to the market-facing entity for onward sale to buyers).
– Market-facing entity as Registrant and Account Holder (but then the asset-owner needs to provide the market-facing entity with the issuance information on an ongoing basis for the market-facing entity to request certificate issuance).
- Can different legal entities be both an Account Holder and a Registrant?
Yes, you can use different legal entities from the same organisation to be the Account Holder and Registrant. In fact, you can have as many Account Holding and Registrant entities as you wish.
- Can the same legal entity be both an Account Holder and a Registrant?
Yes, the same legal entity can be both an Account Holder and a Registrant.
- What is a Registrant and what can a Registrant do?
A Registrant provides information to the MiQ Digital Registry in relation to facilities. Registrants can register facilities, provide information relating to audits that have been carried out for its registered facilities, and request the issuance of ICG Certificates. Note that the same legal entity can be both a Registrant and an Account Holder.
- What is an Account Holder and what can an Account Holder do?
Account Holders can receive, hold, transfer, and retire ICG Certificates. Account Holders have accounts on the Registry for these purposes. Account Holders can have ICG Certificates credited into their Registry accounts from other Account Holders. To transfer ICG Certificates between their own Registry accounts or to other Account Holders, an Account Holder will need the unique account code for the destination account. Account Holders can also retire certificates for their own purposes or on behalf of named third-party end-users. Note that the same legal entity can be both an Account Holder and a Registrant.
- When are fees for the MiQ Registry payable?
Fees are charged in arrears each calendar quarter. For example, fees for use of the Registry in October, November, and December will be calculated and invoiced in early January.
- What fees are payable for access to the MiQ Registry?
All current fees are available here. The only fees chargeable to Account Holders are for retirement.
- When do I need to sign up to the Registry?
You cannot request the issuance of certificates until you have been approved as a user on the MiQ Digital Registry. Once you apply, a Know Your Customer (KYC) check will be undertaken. You should aim to apply well in advance so that there is no delay to certificate issuance once the audits of your facilities are completed.
- How many separate MiQ Registry logins can we have?
Each organisation can set up multiple users to access the MiQ Digital Registry. When you apply, you will create a primary user. Once the application has been approved, the primary user can create additional users that will each have unique login credentials.
- Do I need to sign a contract to access the registry?
Yes, each organisation that uses the registry must sign the registry operator’s standard contract. The template contract is available in New York and English law. An example of the template contract is available here. The registry operator will send you a version of the agreement that is pre-filled with your entity information to be signed by you once your entity has completed a KYC.
- What information do you need when I sign up to the MiQ Registry?
Once you have completed the registration form, the registry operator will contact you for any further information required for it to complete a Know Your Customer (KYC) check on your organisation. This typically includes a certificate of incorporation of the company and financial accounts dated within the last twelve months.
- How do I sign up to the MiQ Registry?
You can apply for free on the MiQ Registry website. Click the ‘Register now’ button.
- How do I reset my password?
If you’ve forgotten your password or want to change it, go to the login page and click ‘Forgot your password?’ Once you’ve provided your email address, you’ll be sent a link to securely change your password.
- How do I access the MiQ Digital Registry?
Please log in here.