The Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021

• (d) they comply with any other measures deemed necessary having regard to the nature of the bidding services being offered and the level of sophistication of the clients in question in terms of their investor or trading profile as well as any risk-based assessment of the likelihood of money laundering, terrorist financing or other criminal activity.

• (9) The FCA must monitor and enforce the conditions listed in paragraph (8).

• (10) Clients of bidders referred to in paragraph (1) may direct any complaints that they may have with regard to compliance with the conduct rules provided for in paragraphs (2) to (6) to the FCA.

• (11) Persons referred to in paragraph (1) that are admitted to bid at an auction platform pursuant to regulations 16, 17 and 18 may provide bidding services to clients referred to in regulation 17(3)(a).

PART 14 — Transparency and Confidentiality

Publication

43

• (1) The auction platform must publish all legislation, guidance, instructions, forms, documents, announcements, and any other non-confidential information pertinent to the auctions on the auction platform, including—

• (a) the auction calendar;

• (b) the list of persons admitted to bid in the auctions;

• (c) any decision, including any decision pursuant to regulation 40, to impose a maximum bid-size; and

• (d) any other remedial measures necessary to mitigate an actual or potential discernible risk of money-laundering, terrorist financing, other criminal activity or market abuse on that auction platform,

on a dedicated up-to-date auctioning website maintained by that auction platform.

• (2) Information which is no longer relevant must be archived, and the archives must be accessible through the same auctioning website.

• (3) A list of the names, addresses, telephone numbers, electronic mail addresses and websites of all persons admitted to bid on behalf of others in auctions conducted by any appointed auction platform must be published on the website maintained by the auction platform concerned.

Announcement and notification of the auction results

44

• (1) An auction platform must announce the results of each auction it conducts including at least the following information—

• (a) the volume of the allowances auctioned;

• (b) the auction clearing price in pounds sterling;

• (c) the total volumes included in bids submitted;

• (d) the total number of bidders and the number of successful bidders;

• (e) in case of cancellation of, or unsold allowances at, an auction, the auctions to which the volume of allowances will be carried over;

• (f) the total revenue earned from the auction.

• (2) The auction platform must announce the results of each auction as soon as is reasonably practicable.

• (3) The information on the auction results pursuant to paragraph (1)(a) and (b) must be announced no later than 5 minutes after the close of the bidding window.

• (4) The information on the auction results pursuant to paragraph (1)(c) to (f) must be announced no later than 15 minutes after the close of the bidding window.

• (5) At the same time as the auction platform announces the information listed in paragraph (1)(c) to (f), the auction platform must notify each successful bidder bidding through its systems—

• (a) the total number of allowances to be allocated to that bidder;

• (b) which of its tied bids, if any, were randomly selected;

• (c) the payment due in pounds sterling;

• (d) the date by which the payment due must be paid in cleared funds into the auctioneer's nominated bank account.

• (6) An auction platform must notify the relevant clearing system and settlement system connected to it of the information notified to each successful bidder under paragraph (5).

Protection of confidential information

45

• (1) The following information is to be treated as confidential information—

• (a) the contents of a bid;

• (b) the contents of any instructions to bid even when no bid is submitted;

• (c) information which discloses, or from which can be deduced, the identity of the bidder in question and either of the following—

• (i) the number of allowances which a bidder wishes to acquire in an auction;

• (ii) the price which a bidder is willing to pay for those allowances;

• (d) information about, or derived from, one or more bids or instructions to bid which either separately or collectively would be likely to—

• (i) give an indication as to the demand for allowances prior to any auction;

• (ii) give an indication as to the auction clearing price prior to any auction;

• (e) information provided by persons in the context of the establishment or maintenance of the relationship with bidders or in the context of the monitoring of that relationship under regulations 17, 18, 19 and 37;

• (f) business secrets provided by persons participating in a competitive procurement process to appoint an auction platform;

• (g) information on the algorithm used for the random selection of tied bids, referred to in regulation 6(3).

• (h) the methodology referred to in regulation 7(4) and the prevailing secondary market price determined in accordance with that methodology.

• (2) Confidential information may not be disclosed by any person who obtained that information, whether directly or indirectly, otherwise than in accordance with paragraph (3).

• (3) Paragraph (2) does not prevent the disclosure of confidential information which—

• (a) has already lawfully been made available to the public;

• (b) is made public with the written consent of a bidder, person admitted to bid, or person applying for admission to bid;

• (c) is required to be disclosed or to be publicly available by an obligation under the law of the United Kingdom or of any part of the United Kingdom;

• (d) is made public pursuant to a court order;

• (e) is disclosed or made public for the purposes of any criminal, administrative, or judicial investigations or proceedings carried out in the United Kingdom;

• (f) is aggregated or redacted prior to its disclosure, so that it is unlikely that information relating to the following is discernible—

• (i) individual bids or instructions to bid;

• (ii) individual auctions;

• (iii) individual bidders, prospective bidders or persons applying for admission to bid;

• (iv) individual applications for admission to bid;

• (v) individual relationships with bidders;

• (g) is referred to in paragraph (1)(f) provided that it is disclosed to persons working for the auctioneer or other persons involved in the competitive procurement process referred to in paragraph (1)(f), who are themselves bound by an obligation of professional secrecy under their terms of employment;

• (h) is made public after the end of a period of 30 months starting from any of the following dates, subject to any subsisting professional secrecy obligations under the law of the United Kingdom or any part of the United Kingdom—

• (i) the date of the opening of the bidding window of the auction in which the confidential information is first disclosed with respect to confidential information in paragraph (1)(a) to (d);

• (ii) the date of the termination of the relationship with a bidder with respect to confidential information in paragraph (1)(e);

• (iii) the date of submission of the information in the competitive procurement process with respect to confidential information in paragraph (1)(f).

• (4) The measures required to ensure that confidential information is not wrongfully disclosed and the consequences of any such wrongful disclosure by an auction platform, including any persons contracted to work for it, must be set out in the contract appointing it.

• (5) Confidential information obtained by an auction platform, including any persons contracted to work for it, may be used solely for the purpose of the performance of its obligations or the exercise of its functions with respect to the auctions.

• (6) Paragraphs (1) to (5) do not preclude the exchange of confidential information between an auction platform and—

• (a) the FCA;

• (aa) the auctioneer;

• (ab) the UK ETS authority;

• (ac) the Treasury;

• (b) any body which is a supervisory authority for the purposes of the Money Laundering Regulations; or

• (c) the police and competent national authorities responsible for investigating and prosecuting money laundering, terrorist financing, other criminal activity or market abuse.

• (7) Confidential information exchanged under paragraph (6) may not be disclosed to any person other than those referred to in paragraph (6)... contrary to paragraph (2).

• (8) Any person who works, or has worked for, an auction platform involved in the auctions, must be bound by the obligation of professional secrecy and must ensure that confidential information is protected pursuant to this regulation.

Language regime

46

• (1) Written information provided by the appointed auction platform pursuant to regulation 43 or under the contract appointing it, must be in English.

• (2) All communications from applicants for admission to bid and persons admitted to bid must be in English, including—

• (a) their applications for admission to bid, including any supporting documents;

• (b) their bids, including any withdrawal or modifications thereof;

• (c) any queries relating to sub-paragraphs (a) or (b).

• (3) All other oral or written communication by the appointed auction platform to applicants for admission to bid, persons admitted to bid or bidders participating in an auction, must be made in English.

PART 15 — Final Provisions

Right of appeal

47

• (1) The appointed auction platform must have effective arrangements to deal with complaints from applicants for admission to bid, bidders admitted to bid, or whose admission to bid has been refused, revoked or suspended.

• (2) Those arrangements must include procedures for the fair, independent and impartial resolution of appeals against decisions of the auction platform.

• (3) A decision in relation to an appeal under paragraph (2) must be given in writing, with full reasons.

Correction of errors

48

• (1) Any errors in any payment or allowance transfers made and collateral or deposit given or released under these Regulations must be notified to the clearing system or settlement system as soon as it comes to the notice of any person.

• (2) The clearing system or settlement system must take whatever measures are necessary to rectify any errors in any payment or allowance transfers made and collateral or deposit given or released under these Regulations which come to their attention by whatever means.

• (3) If any person—

• (a) has benefitted from an error referred to in paragraph (1) which cannot be rectified under paragraph (2), due to the intervening rights of a third party purchaser in good faith, and

• (b) knew of or ought to have known of the error and failed to notify it to the clearing system or settlement system,

that person is liable to make good any damage caused by the error.

SCHEDULE — List of the elements referred to in regulation 18(5)

1

Proof of eligibility pursuant to regulation 16(1) or (2).

2

The applicant's name, address, telephone and electronic mail address.

3

The account identifier of the applicant's nominated holding account.

4

Full details of the applicant's nominated bank account.

5

The name, address, telephone and the electronic mail address of one or more representatives of the bidder as defined in regulation 5(5).

6

For legal persons, proof of:

• (a) their incorporation stating—

• (i) the legal form of the applicant;

• (ii) the law by which it is governed;

• (iii) whether or not the applicant is a publicly listed company of one or more recognised stock exchanges;

• (b) if applicable, the registration number of the applicant in the relevant register where the applicant is registered, failing which the applicant must provide the memorandum, statutes or other document attesting to its incorporation.

7

For legal persons or unincorporated associations or other legal arrangements, such information as is required to identify the beneficial owner and understand the ownership and control structure of the legal person or arrangement in question.

8

For natural persons, proof of their identity, by means of an identity card, driving licence, passport or similar government issued document containing the full name, photograph, date of birth and residential address of the applicant concerned, which may be supported by other appropriate corroborating documents wherever necessary.

9

For operators, their permit (within the meaning of article 4 of the Trading Scheme Order).

10

For aircraft operators, the emissions monitoring plan issued under article 29 of the Trading Scheme Order.

11

Such information as is required to carry out the customer due diligence measures referred to in regulation 17(2)(e).

12

The applicant's latest audited annual report and accounts including the profit and loss account and balance sheet, if any; if none, a United Kingdom VAT return, if any, or such further information as required to be satisfied as to the applicant's solvency and creditworthiness.

13

The United Kingdom VAT registration number, if any....

14

A statement that, to the best of the applicant's knowledge, the applicant satisfies the requirements of regulation 17(2)(f).

15

Proof of compliance with the requirements of regulation 17(2)(g).

16

Proof that the applicant satisfies the requirements of regulation 17(3).

17

A statement that the applicant has the necessary legal capacity and authority to bid on its own account or on behalf of others in an auction.

18

A statement that to the best of the applicant's knowledge there is no legal, regulatory, contractual or any other impediment preventing it from performing its obligations under these Regulations.

Signed

David Rutley — Maggie Throup — Two of the Lords Commissioners of Her Majesty's Treasury — 2021-04-21

Explanatory note

(This note is not part of the Regulations)

Footnotes

[^f00001]: 2020 c. 14.

[^f00002]: S.I. 2020/1265, amended by S.I. 2020/1557.

[^f00003]: S.I. 1999/2979, amended by S.I. 2019/341. The definition of “collateral security” has been amended by S.I. 2010/2993.

[^f00004]: 2001 c. 24.

[^f00005]: 2018 c. 13.

[^f00006]: S.I. 2019/573.

[^f00007]: The FCA was established under section 1A of the Financial Services and Markets Act 2000 (c. 8), as amended by the Financial Services Act 2012 (c. 21).

[^f00008]: 2002 c. 29.

[^f00009]: S.I. 2017/692.

[^f00010]: 2006 c. 46.

[^f00011]: 2000 c. 8. Section 290 was amended by paragraph 6 of Schedule 8 to the Financial Services Act 2012 (c. 21); S.I. 2007/126 and S.I. 2013/504.

[^f00012]: 2018 c. 16.

[^f00013]: 2008 c. 27.

[^f00014]: OJ L 275, 25.10.2003, p. 32.

[^f00015]: 2000 c. 8. Part 4A was substituted for the original Part 4 by s. 11(2) of the Financial Services Act 2012 (c. 21).

[^f00016]: OJ L173, 12.6.2014, p.349.

[^f00017]: S.I.2001/544. Schedule 3 was inserted by S.I. 2018/1403.

[^f00018]: The National Crime Agency was established under the Crime and Courts Act 2013 (c. 22).

[^f00019]: S.I. 2012/2661.

[^f00020]: S.I. 2011/2699.

[^f00021]: S.I 2001/995, amended by S.I. 2017/1064.

[^f00022]: OJ L124, 20/5/2003, p.36.

[^f00023]: 2002 c. 29. Sections 327, 328 and 329 have been amended by ss. 102 and 103 of the Serious Organised Crime and Police Act 2005 (c. 15). Section 338(3) has been amended by s. 106(6) of that Act, and S.I. 2007/3398.

[^f00024]: 2000 c. 11. Section 21A was inserted by paragraph 5 of Schedule 2 to the Anti-Terrorism, Crime and Security Act 2001 (c. 24), and amended by paragraph 128 of Schedule 4 to the Serious Organised Crime and Police Act 2005, paragraph 72 of Schedule 8 to the Crime and Courts Act 2013 (c. 22), and S.I. 2007/3398.

Editorial notes

[^c24493861]: 2020 c. 14.

[^c24493871]: S.I. 2020/1265, amended by S.I. 2020/1557.

[^c24493881]: S.I. 1999/2979, amended by S.I. 2019/341. The definition of “collateral security” has been amended by S.I. 2010/2993.

[^c24493891]: 2001 c. 24.

[^c24493901]: 2018 c. 13.

[^c24493911]: S.I. 2019/573.

[^c24493921]: The FCA was established under section 1A of the Financial Services and Markets Act 2000 (c. 8), as amended by the Financial Services Act 2012 (c. 21).

[^c24493931]: 2002 c. 29.

[^c24493941]: S.I. 2017/692.

[^c24493951]: 2006 c. 46.

[^c24493961]: 2000 c. 8. Section 290 was amended by paragraph 6 of Schedule 8 to the Financial Services Act 2012 (c. 21); S.I. 2007/126 and S.I. 2013/504.

[^c24493971]: 2018 c. 16.

[^c24493981]: 2008 c. 27.

[^c24494001]: 2000 c. 8. Part 4A was substituted for the original Part 4 by s. 11(2) of the Financial Services Act 2012 (c. 21).

[^c24494011]: OJ L173, 12.6.2014, p.349.

[^c24494021]: S.I.2001/544. Schedule 3 was inserted by S.I. 2018/1403.

[^c24494031]: The National Crime Agency was established under the Crime and Courts Act 2013 (c. 22).

[^c24494041]: S.I. 2012/2661.

[^c24494051]: S.I. 2011/2699.

[^c24494061]: S.I 2001/995, amended by S.I. 2017/1064.

[^c24494071]: OJ L124, 20/5/2003, p.36.

[^c24494081]: 2002 c. 29. Sections 327, 328 and 329 have been amended by ss. 102 and 103 of the Serious Organised Crime and Police Act 2005 (c. 15). Section 338(3) has been amended by s. 106(6) of that Act, and S.I. 2007/3398.

[^c24494091]: 2000 c. 11. Section 21A was inserted by paragraph 5 of Schedule 2 to the Anti-Terrorism, Crime and Security Act 2001 (c. 24), and amended by paragraph 128 of Schedule 4 to the Serious Organised Crime and Police Act 2005, paragraph 72 of Schedule 8 to the Crime and Courts Act 2013 (c. 22), and S.I. 2007/3398.

[^key-0cd24eff0db6fa3befe27dce07b4dc37]: Reg. 1 in force at 22.4.2021, see reg. 1(2)

[^key-2552b5583d422a12de947f08059ea231]: Reg. 2 in force at 22.4.2021, see reg. 1(2)

[^key-ab19761da8b5e221d64218aba7e16441]: Reg. 3 in force at 22.4.2021, see reg. 1(2)

[^key-9dd7b1efd7bb34e84c1257610fc9549b]: Reg. 4 in force at 22.4.2021, see reg. 1(2)

[^key-a6bd4723f0ce216f0c5b5552e9bc18bd]: Reg. 5 in force at 22.4.2021, see reg. 1(2)

[^key-e8b380cb09507d8f5b1d612abe942f95]: Reg. 6 in force at 22.4.2021, see reg. 1(2)

[^key-f96620cb9362f1b5f20733629bdc1acc]: Reg. 7 in force at 22.4.2021, see reg. 1(2)

[^key-9aee641184db3083404dbcabf91d7a8a]: Reg. 8 in force at 22.4.2021, see reg. 1(2)

[^key-52834f849c06b8aaf27226f72a00e6e5]: Reg. 9 in force at 22.4.2021, see reg. 1(2)

[^key-2873e1716000d7a6f55978bced78a4ec]: Reg. 10 in force at 22.4.2021, see reg. 1(2)

[^key-800fd30a74a04d34623f75c61dd6a565]: Reg. 11 in force at 22.4.2021, see reg. 1(2)

[^key-3f8b49f47b9fbe59f0548df9e7119962]: Reg. 12 in force at 22.4.2021, see reg. 1(2)

[^key-5bb50dd78cbcb6b5fb9e87b96802728d]: Reg. 13 in force at 22.4.2021, see reg. 1(2)

[^key-bd9d33444c90a23cd3ba9a2e008514b1]: Reg. 14 in force at 22.4.2021, see reg. 1(2)

[^key-7b68c77f181d20d041fa3b35bc035e57]: Reg. 15 in force at 22.4.2021, see reg. 1(2)

[^key-57152d761b9995356bf7113e198d66bc]: Reg. 16 in force at 22.4.2021, see reg. 1(2)

[^key-cf20dde762a9c0954465190b1bcb8125]: Reg. 17 in force at 22.4.2021, see reg. 1(2)

[^key-08d03074a03ba2b68c217f87b27e871b]: Reg. 18 in force at 22.4.2021, see reg. 1(2)

[^key-48135a238a1503c49ad5266cb2af9242]: Reg. 19 in force at 22.4.2021, see reg. 1(2)

[^key-fe18b234a6df31ef479ed2b8af722b17]: Reg. 20 in force at 22.4.2021, see reg. 1(2)

[^key-a00d370a0131271b61c1103cb29ab030]: Reg. 21 in force at 22.4.2021, see reg. 1(2)

[^key-d2d637f07f43d8a8388b88ee17d9c785]: Reg. 22 in force at 22.4.2021, see reg. 1(2)

[^key-7f45c31b5fc1e7ec9649b4a3459233b8]: Reg. 23 in force at 22.4.2021, see reg. 1(2)

[^key-a475a511475ea7421f6c18be9ae14d9d]: Reg. 24 in force at 22.4.2021, see reg. 1(2)

[^key-95c2b082ca994be2f8019358deafe6f5]: Reg. 25 in force at 22.4.2021, see reg. 1(2)

[^key-0cc9737bcd660a20906e3d8472f127a9]: Reg. 26 in force at 22.4.2021, see reg. 1(2)

[^key-196a1a242985af679b29d5c8c0e6e87e]: Reg. 27 in force at 22.4.2021, see reg. 1(2)

[^key-21a346c1f91dd0dca0f06b56c7dab1cd]: Reg. 28 in force at 22.4.2021, see reg. 1(2)

[^key-ebd3918995450dd5db416c0725c3d641]: Reg. 29 in force at 22.4.2021, see reg. 1(2)

[^key-f83df5d6bfd7a80b668ba697d2d81ca1]: Reg. 30 in force at 22.4.2021, see reg. 1(2)

[^key-b260e3d5ac4359c8dacdec2a97c1a2f8]: Reg. 31 in force at 22.4.2021, see reg. 1(2)

[^key-eb4ead0cbde06891b4a561ab47f9d399]: Reg. 32 in force at 22.4.2021, see reg. 1(2)

[^key-04fc75afe43b910d525cb6456ac1abab]: Reg. 33 in force at 22.4.2021, see reg. 1(2)

[^key-ab9f1162df7aa8d423dff715250e2a46]: Reg. 34 in force at 22.4.2021, see reg. 1(2)

[^key-facf9a115b94fd14237f1647352b8da4]: Reg. 35 in force at 22.4.2021, see reg. 1(2)

[^key-021241a1ad0fb20c7770adc646f29d02]: Reg. 36 in force at 22.4.2021, see reg. 1(2)

[^key-1627dc39ae52b69c01b9ec7152e02348]: Reg. 37 in force at 22.4.2021, see reg. 1(2)

[^key-220e17cd42e171c008799ac1da799263]: Reg. 38 in force at 22.4.2021, see reg. 1(2)

[^key-5e053d38a3bac9266873b88085c91b3e]: Reg. 39 in force at 22.4.2021, see reg. 1(2)

[^key-90a71739f8446f56ae4b969fafc12ac1]: Reg. 40 in force at 22.4.2021, see reg. 1(2)

[^key-16bdecb9e7994238214c3389a9f6d0f5]: Reg. 41 in force at 22.4.2021, see reg. 1(2)

[^key-b0724a65d47e5ab7fbb4417d67c164ad]: Reg. 42 in force at 22.4.2021, see reg. 1(2)

[^key-d50f7f4768593c8d425547eaf0c68148]: Reg. 43 in force at 22.4.2021, see reg. 1(2)

[^key-364b79a9a94201db7d3bf51ae665d833]: Reg. 44 in force at 22.4.2021, see reg. 1(2)

[^key-f1398116dbaf45db115bc1e28ed1064f]: Reg. 45 in force at 22.4.2021, see reg. 1(2)

[^key-271924ff1424be8f552e694cd1ef6552]: Reg. 46 in force at 22.4.2021, see reg. 1(2)

[^key-b7c8f7bf3f279d906f605c25e1a1df40]: Reg. 47 in force at 22.4.2021, see reg. 1(2)

[^key-df7d9364bad4efa34540c4845e700e65]: Reg. 48 in force at 22.4.2021, see reg. 1(2)

[^key-f3bd1aef0309c759b54453fca7ccec51]: Sch. para. 1 in force at 22.4.2021, see reg. 1(2)

[^key-1ceddd893af6a99058839a0adb096881]: Sch. para. 2 in force at 22.4.2021, see reg. 1(2)

[^key-de69608ebd30fe06294f6dfed4af4bfc]: Sch. para. 3 in force at 22.4.2021, see reg. 1(2)

[^key-7399d7ca40875526262f67fcc1de6451]: Sch. para. 4 in force at 22.4.2021, see reg. 1(2)

[^key-d569a4cdb223d536bb787d9dd25b87da]: Sch. para. 5 in force at 22.4.2021, see reg. 1(2)

[^key-fd11e3ca511a74f53b6354f604c0464b]: Sch. para. 6 in force at 22.4.2021, see reg. 1(2)

[^key-f59ecd3139977880a11109ed933490d9]: Sch. para. 7 in force at 22.4.2021, see reg. 1(2)

[^key-2ebdb265f4fb92e349de1e684b4f5d8f]: Sch. para. 8 in force at 22.4.2021, see reg. 1(2)

[^key-d13bd14861592b8af88d9f9298d5460a]: Sch. para. 9 in force at 22.4.2021, see reg. 1(2)

[^key-cccc9a6272546d90910b7af70c3ebbac]: Sch. para. 10 in force at 22.4.2021, see reg. 1(2)

[^key-55b457b1a993255d2ae8781ccbfc9793]: Sch. para. 11 in force at 22.4.2021, see reg. 1(2)

[^key-a899bfcd3d06dc4d0e711048bcd7965b]: Sch. para. 12 in force at 22.4.2021, see reg. 1(2)

[^key-da5fae5d297760e559916a730bd1438d]: Sch. para. 13 in force at 22.4.2021, see reg. 1(2)

[^key-5808a579eda7c86bf02b909061b8700a]: Sch. para. 14 in force at 22.4.2021, see reg. 1(2)

[^key-9451a9ab8fef4524fda9341e3aae7397]: Sch. para. 15 in force at 22.4.2021, see reg. 1(2)

[^key-d909f9afaf233ab385237928f170cce5]: Sch. para. 16 in force at 22.4.2021, see reg. 1(2)

[^key-f2a12cbb405a69437c958d03f1875aaa]: Sch. para. 17 in force at 22.4.2021, see reg. 1(2)

[^key-e50e407d44f9181b5dad78d68fc2e9e2]: Sch. para. 18 in force at 22.4.2021, see reg. 1(2)

[^key-7011375f2d00dd9aa439e8b3db141acd]: Word in reg. 2(1) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 4(2)(a)

[^key-bf181171c34e7a3847606dc4219df0f1]: Words in reg. 2(1) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 4(2)(b)(i)

[^key-8661338295d1a00bcd00b6b484e27056]: Word in reg. 2(1) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 4(2)(b)(ii)

[^key-fc241ff915e7731282a9ed45e8d41981]: Reg. 2(2) omitted (19.5.2021) by virtue of The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 4(3)

[^key-a3e3a4c1b3c9a8712a3b86fc5bee2390]: Words in reg. 2(1) omitted (19.5.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(2)

[^key-aca7d707513aac2e2cc28e881d0abfd5]: Reg. 6(11) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 6

[^key-835887d97dcb7ff840c84b0c7a18974b]: Reg. 7(1)(b)(c) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 7(2)

[^key-2ab037dc412c08af63d5dbab702a9392]: Words in reg. 7(2) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 7(4)(a)

[^key-dccc1cbda814fd403f2fb647656936ce]: Words in reg. 7(2) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 7(4)(b)

[^key-1063276fd42bbf0ed35fe0131cc686e5]: Reg. 7(3) omitted (19.5.2021) by virtue of The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 7(5)

[^key-d24567b1f1e7fe8e08bf4e49dc38cf91]: Words in reg. 7(4) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 7(6)

[^key-723df51cdd2bf410b627569b884385c3]: Reg. 7(1A) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 7(3)

[^key-233aee27e3384b1c031c7a51be7d8ede]: Reg. 12 substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 9

[^key-d36f575b07eb5a3be4ba0d74b2360f44]: Reg. 16(1)(ba) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 10(2)(a)

[^key-6da6fce0a087b6517a00d3099440c66f]: Reg. 16(1)(ca) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 10(2)(c)

[^key-726e5d26c124b916353475bf8c520fd3]: Word in reg. 16(1)(c) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 10(2)(b)(i)

[^key-fbe701fb548de0b68399814a33306395]: Word in reg. 16(1)(c)(i) omitted (19.5.2021) by virtue of The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 10(2)(b)(ii)

[^key-c6625d9c0dbe587bc06a6cc974650282]: Words in reg. 16(2) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 10(3)

[^key-63079d5bd438410c9a9183d88190a677]: Reg. 17(2)(a) omitted (19.5.2021) by virtue of The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 11(2)(a)

[^key-b9d7cf12e5619bf827f362ad4c42b353]: Words in reg. 17(2)(g) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 11(2)(b)

[^key-3bf5b09f3455f454035d3d72ea997c5e]: Words in reg. 17(3) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 11(3)

[^key-9497032c8cc87cc941e95b9b5786536c]: Words in reg. 19(4)(c) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 12

[^key-12c6e3e682d1f68c9e7c45c6eb9ce2b0]: Words in reg. 29 substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 13

[^key-22a0e48d8ffcd2f3e7c30140eac61f01]: Words in reg. 44(5) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 14

[^key-b8d72fe7cc12af110b82bf119451c20e]: Reg. 5(9) omitted (19.5.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(3)(b)

[^key-db7ef0908c11d07663801c79e3a453ff]: Words in reg. 5(5) omitted (19.5.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(3)(a)

[^key-42e30d3ca2c08e09fe545ff4e9760c75]: Words in reg. 9(8) omitted (19.5.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(4)

[^key-f309891b5bcb4dc6d78d81432ec540b0]: Reg. 10(1)(aa) inserted (19.5.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(5)

[^key-764aa295b69b0673228f6e1bb35e774e]: Words in Sch. para. 8 substituted (19.5.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(6)(a)

[^key-5ded34fe3b519e3894a8653ac4652deb]: Words in Sch. para. 12 substituted (19.5.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(6)(b)

[^key-8acea1e51d29bdf7a6fb1c8ebcf25e22]: Words in Sch. para. 13 substituted (19.5.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(6)(c)(i)

[^key-99287f0621cb2ecdecb6be1024ba5c7c]: Words in Sch. para. 13 omitted (19.5.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(6)(c)(ii)

[^key-f7f87d4a726e7c9cb7ba89318578cbbd]: Reg. 12(1)(b)(iv)(v) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 7(2)

[^key-9f4a14159b8cc228e25b7d81e4a34457]: Words in reg. 12(5) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 7(4)

[^key-2d78a376554449db585d87f787882e0c]: Words in reg. 9(1) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 4(2)(a)(i)

[^key-4486a7c5ecbdd20fe6934fffdc7bb800]: Words in reg. 9(1) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 4(2)(a)(ii)

[^key-089ec58b2533dea4ba51801732c27acf]: Reg. 9(1)(f) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 4(2)(d)

[^key-2b88dbb726de0a8a10d3b055349cc9f6]: Reg. 9(4)-(6) omitted (25.8.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 4(3)

[^key-f3899450983c7b4fec09276db4149997]: Words in reg. 36(3) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 11(2)

[^key-8c79cd07d545f24f491870e3167a7421]: Word in reg. 36(4) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 11(3)

[^key-e004d480d0cad31e8b8f3b2e11b7de8a]: Word in reg. 36(5) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 11(4)(a)

[^key-d897ab9e90bd1e0862b5ced8ec32c5c6]: Words in reg. 36(5) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 11(4)(b)

[^key-9d55b074a8f1b0dfbdde4f6442e4c708]: Words in reg. 36(5) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 11(4)(c)

[^key-f7dc67d85450883acaf38f343425bded]: Reg. 45(1)(h) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 16(2)

[^key-2f0f7df78e4a64244df6f8f7d5af6f92]: Word in reg. 45(3)(g) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 16(3)

[^key-55660f506b6e1af58b61ecfa5c9bcac5]: Reg. 45(6)(aa)-(ac) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 16(4)

[^key-17b68631b1f4f9bf1dd61dcdd858e252]: Words in reg. 45(7) omitted (25.8.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 16(5)

[^key-ea0046ad537213218546ef31db263d9d]: Words in reg. 7(4) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 3(2)

[^key-a62c43a6fabd5360491df89ab989cf03]: Reg. 37(4)(b)(ia) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 12(2)(a)

[^key-ada5abd906e1df0a11a373693ea76713]: Words in reg. 37(4)(c) omitted (25.8.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 12(2)(b)

[^key-d25b09a88e5d18cf83020e91b8a1cb71]: Reg. 39(3) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 13(3)

[^key-216313ef03a1d86b414af0e7cca0171e]: Words in reg. 39(2) omitted (25.8.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 13(2)

[^key-c48034f4708d8e1e87c2fe618b71edd6]: Words in reg. 10(1)(b) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 5(2)

[^key-e3514c1603383c279d45176ebd641a71]: Words in reg. 40(1) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 14(2)

[^key-a86d90cd8649b3e6332c799d8a45a814]: Words in reg. 40(3) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 14(3)

[^key-b6452ef6c7e3bf30375e5a75a8e9c5c6]: Words in reg. 11(1) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 6(2)

[^key-4e4fac1e85ed7bbd783b2184ea5559a3]: Word in reg. 21(5) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 8(2)

[^key-8ad29ffd219a2fdacf341eff4ec6fb8a]: Words in reg. 23(3) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 9(2)

[^key-aaa2c7319e38b26008f33948571ba7e3]: Words in reg. 29 omitted (25.8.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 10(2)

[^key-041b047f5a8803de8d946a4ce10d477f]: Words in reg. 44(1)(e) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 15(2)

[^key-cafc6cf7aba1b14a53c39d53d3854ffd]: Words in reg. 9(1) inserted (4.10.2023) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2023 (S.I. 2023/994), regs. 1(2), 3(2)(a)

[^key-ab39a7b92ac678109cc6ac3006c5e1dc]: Reg. 9(1)(ba) inserted (4.10.2023) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2023 (S.I. 2023/994), regs. 1(2), 3(2)(d)

[^key-b47595f05911e066a2682c3e5dd37718]: Reg. 9(1)(g) inserted (4.10.2023) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2023 (S.I. 2023/994), regs. 1(2), 3(2)(f)

[^key-110bee91ffd40de4399b3a20f8517c74]: Words in reg. 9(9) Table omitted (4.10.2023) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2023 (S.I. 2023/994), regs. 1(2), 3(3)

[^key-39895047588182020343d596ea1b7d6d]: Reg. 9(1)(a) substituted (4.10.2023) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2023 (S.I. 2023/994), regs. 1(2), 3(2)(b)

[^key-edc8e4bcefcbdf9c25bac50f8ca845ae]: Words in reg. 9(1)(b) inserted (4.10.2023) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2023 (S.I. 2023/994), regs. 1(2), 3(2)(c)

[^key-488a3239bed0c56364befd91d71e20f3]: Reg. 9(10) substituted (4.10.2023) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2023 (S.I. 2023/994), regs. 1(2), 3(4)

[^key-f9b07390bd03a266e0bf2189b2500508]: Reg. 9(1)(c)-(e) substituted (4.10.2023) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2023 (S.I. 2023/994), regs. 1(2), 3(2)(e)

[^key-ca0e51a22562e71ad2e625fdd5742d1a]: Words in reg. 10(1)(d) inserted (19.12.2024) by The Greenhouse Gas Emissions Trading Scheme (Amendment) (No. 2) Order 2024 (S.I. 2024/1366), arts. 2(1)(g), 40(2)

[^key-bba3e45496f50120916c6c1034a19577]: Reg. 12(1)(b)(iv) omitted (19.12.2024) by virtue of The Greenhouse Gas Emissions Trading Scheme (Amendment) (No. 2) Order 2024 (S.I. 2024/1366), arts. 2(1)(g), 41(2)(a)

[^key-087624eed0dcc742e5688c2ed2a0d953]: Words in reg. 12(1)(b)(v) substituted (19.12.2024) by The Greenhouse Gas Emissions Trading Scheme (Amendment) (No. 2) Order 2024 (S.I. 2024/1366), arts. 2(1)(g), 41(2)(b)

[^key-381f0658727c726a96550d66bf74b6ec]: Reg. 12(1A)-(1D) omitted (19.12.2024) by virtue of The Greenhouse Gas Emissions Trading Scheme (Amendment) (No. 2) Order 2024 (S.I. 2024/1366), arts. 2(1)(g), 41(3)