This seventh annual report of the administrator of the international transaction log (ITL) provides information to the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol (CMP) on the activities of the ITL administrator from November 2010 to October 2011. This report also contains information on transactions of Kyoto Protocol units, as requested by the CMP at its sixth session. The CMP, by its decision 12/CMP.1, requested the Subsidiary Body for Implementation (SBI) to consider, at its future sessions, the annual reports of the ITL administrator. The SBI may wish to take note of the information contained in this report and provide guidance to the secretariat and Parties, as necessary, concerning the implementation of registry systems