Section 1033.722 - Transferring emission credits(a) Credit transfer is the conveying of control over credits, either: (1) From a certifying manufacturer/remanufacturer to an owner/operator.(2) From an owner/operator to a certifying manufacturer/remanufacturer.(b) Transferred credits can be: (1) Used by a certifying manufacturer/remanufacturer in averaging.(2) Transferred again within the model year.(3) Reserved for later banking. Transferred credits may not be traded unless they have been previously banked.(c) Owners/operators participating in credit transfers must submit the reports specified in § 1033.730 .