The Commission will receive an automatic notification that a report has been submitted for their review. After their review, the Commission can elect to either ‘approve’ or ‘reject’ the Compliance Sub-account.
Approval will result in the Credits being Retired permanently in the Compliance Sub-account associated with the given compliance year.
Rejection will reopen the Compliance Sub-Account to allow the Account Holder to amend the Compliance Sub-account with the required Credits after which they can resubmit the Sub-account for Commission review.
Status of the Compliance Sub-Account can be accessed via the Compliance Reports available to the Account Holder and the Commission