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Commission Delegated Regulation (EU) 2019/1122 Article 29

Commission Delegated Regulation (EU) 2019/1122 Article 29

Positive balance on accounts under closure

Article 29

If there is a positive balance of allowances on an account which an administrator is to close in accordance with Articles 24, 25, 26 and 28, the administrator shall request the account holder to specify another account to which such allowances shall be transferred. If the account holder has not responded to the administrator's request within 40 working days, the administrator may transfer the allowances to its national holding account or set the account status to closure pending.

Read the full instrument → · Read this in context: Section 3 — Closure of accounts →

Other provisions in Section 3 — Closure of accounts

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 29 of Commission Delegated Regulation (EU) 2019/1122 (LawPlayer, data as of 2026-07-04)

© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.

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