september 23, 2015 sacramento, ca zhang xiaoguang sinocarbon innovation & investment co.,ltd. t...
TRANSCRIPT
September 23, 2015Sacramento, CA
Zhang XiaoguangSinocarbon Innovation & Investment Co.,Ltd.
TITLEADMINISTRATION OF REGISTRY IN CHINA
WORKSHOP “BUILDING REGISTRIES TO SUPPORT THE NEXT GENERATION OF CARBON MARKETS”
PARTNERSHIP FOR MARKET READINESS
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System to be managed Organizational structure Responsibilities of market participants Profile of administrators Risk mitigation measures
Outline
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Sub-systems of national registry system
CCER Registry ManagementAllowance Registry Management
Allowance Creation
Allowance Allocation
CCER Issuance
Project information
Management
General registry Management
Administrator Management
System Configuration Management
Allowance Deletion
CCER Information
management
Account Management
Account Representative Management
Log Management
General registry Management
Transfer Management Cancelation Management
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System to be managed Organizational structure Responsibilities of market participants Profile of administrators Risk mitigation measures
Outline
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Management entities
NCSC authorized by NDRCNCSC authorized by NDRC
DRCs of provincesDRCs of provinces
Project ownersProject owners
Compliance enterprises Compliance enterprises
Voluntary participants Voluntary participants
Management Entities
ExchangesExchanges
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Organizational structure of Management entities
NCSC authorized by NDRCNCSC authorized by NDRC
Provincial DRCProvincial DRC Provincial DRCProvincial DRC ExchangeExchange ……ExchangeExchange
Project ownersProject owners Compliance enterprises Compliance enterprises Voluntary participants Voluntary participants
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System to be managed Organizational structure Responsibilities of market participants Profile of administrators Risk mitigation measures
Outline
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Administrator management
• Create administrator• Change administrator information• Change administrator authority• Close administrator
• Create administrator• Change administrator information• Change administrator authority• Close administrator
National level administrator
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System configuration management
• Set system operation configuration• Set data exchange interface configuration
• Set system operation configuration• Set data exchange interface configuration
National level administrator
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Allowance management
• Create allowances• Allocate allowances to provincial DRC• Delete allowances• Auction allowances
• Create allowances• Allocate allowances to provincial DRC• Delete allowances• Auction allowances
National level administrators
• Allocate allowances to Enterprises• Delete allowances• Auction allowances
• Allocate allowances to Enterprises• Delete allowances• Auction allowances
Provincial level administrators
• Transfer allowances• Surrender allowances• Cancel allowances voluntarily
• Transfer allowances• Surrender allowances• Cancel allowances voluntarily
Account representative
s
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CCER management
• Create CCER• Issue CCER• Change project information
• Create CCER• Issue CCER• Change project information
National level administrators
• Receive issued CCER• Receive issued CCERProject account representative
s
• Transfer CCERs• Surrender CCERs• Cancel CCERs voluntarily
• Transfer CCERs• Surrender CCERs• Cancel CCERs voluntarily
Account representative
s
• Confirm CCER pilot compliance• Confirm CCER pilot compliancePilot
administrator
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Account management
• Create third party platform account• Query account information• Change account status
• Create third party platform account• Query account information• Change account status
National level administrators
• Create holding accounts of the province• Query holding account information of the province• Change holding account status of the province
• Create holding accounts of the province• Query holding account information of the province• Change holding account status of the province
Provincial level administrators
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Account representative management
• Create third party platform accountrepresentative• Query account representative information• Change account representative status
• Create third party platform accountrepresentative• Query account representative information• Change account representative status
National level administrators
• Create holding account representative of the province• Query holding account representative information of the province• Change holding account representative status of the province
• Create holding account representative of the province• Query holding account representative information of the province• Change holding account representative status of the province
Provincial level administrators
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Log management
• Query user activity audit logs• Query transaction logs
• Query user activity audit logs• Query transaction logs
National level administrators
• Query transaction logs of the province• Query transaction logs of the provinceProvincial level administrators
• Query transaction logs of the account• Query transaction logs of the accountAccount
representatives
• Query transaction logs by system links• Query transaction logs by system linksTrading
systems of Exchanges
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Non-functional management
• Providing support services• Handling system operational issues• Managing system updates
• Providing support services• Handling system operational issues• Managing system updates
National level administrators
• Providing support services• Providing support servicesProvincial level administrators
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System to be managed Organizational structure Responsibilities of market participants Profile of administrators Risk mitigation measures
Outline
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Profile of administrators
General requirements:
• High credibility
• Acknowledge relevant carbon market principles
• Good quality in maintaining confidentiality of information
• Ability to use IT systems
• Rigorousness in executing business management operations
Holding accountProvincial levelNational level
• Acknowledge relevant
legislation
• Acknowledge information
verification methods
• Capable of communicating
with users
• Acknowledge business and
functioning of registry
• Acknowledge relevant
legislation
• Acknowledge information
verification methods
• Capable of communicating
with users
• Acknowledge carbon
market regulations
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System to be managed Organizational structure Responsibilities of market participants Profile of administrators Risk mitigation measures
Outline
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Administration risks
• Operational errors• Fake customer identities• Fraudulent activities
• Operational errors• Fake customer identities• Fraudulent activities
Competent authorities
• Operational errors• Fraudulent activities
• Operational errors• Fraudulent activities
User
• Mismatch in accounting records • Mismatch in accounting records Trading
systems of Exchanges
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Risk mitigation measures
• Rigorous offline process• Four eye principles
• Rigorous offline process• Four eye principles
Operational errors
• Detailed customer identity documentrequirements• Rigorous KYC checks
• Detailed customer identity documentrequirements• Rigorous KYC checks
Fake customer identities
• System operation audit logs• High level authentications• Four eye principle• Proper legislative regulations
• System operation audit logs• High level authentications• Four eye principle• Proper legislative regulations
Fraudulent activities
• Reconciliation• Regulations for error handling procedures
• Reconciliation• Regulations for error handling procedures
Mismatch in accounting
records
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Zhang XiaoguangSinocarbon Innovation & Investment Co.,Ltd.
For more information on the Partnership for Market Readiness, please contact:
Thank You for Your Attention