The Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021

1. Introductory TextNext Match

2. PART 1 General ProvisionsPrevious MatchNext Match

   1. 1. Citation and commencementPrevious MatchNext Match

   2. 2. InterpretationPrevious MatchNext Match

   3. 3. Meaning of UK ETS authorityPrevious MatchNext Match

3. PART 2 Auction DesignPrevious MatchNext Match

   1. 4. Auctioned productsPrevious MatchNext Match

   2. 5. Submission and withdrawal of bidsPrevious MatchNext Match

   3. 6. Auction clearing price and resolution of tied bidsPrevious MatchNext Match

   4. 7. Auction clearing pricePrevious MatchNext Match

4. PART 3 Auction CalendarPrevious MatchNext Match

   1. 8. Calendar for individual auctionsPrevious MatchNext Match

   2. 9. Annual volumes of allowancesPrevious MatchNext Match

   3. 10. Adjustments of the auction calendarPrevious MatchNext Match

   4. 11. Circumstances preventing the conduct of auctionsPrevious MatchNext Match

   5. 12. Cost containment mechanismPrevious MatchNext Match

5. PART 4 Access to AuctionsPrevious MatchNext Match

   1. 13. Persons who may submit bids directly in an auctionPrevious MatchNext Match

   2. 14. Means of accessPrevious MatchNext Match

   3. 15. Training and helplinePrevious MatchNext Match

   4. 16. Persons eligible to apply for admission to bidPrevious MatchNext Match

   5. 17. Requirements for admission to bidPrevious MatchNext Match

   6. 18. Submission and processing of applications for admission to bidPrevious MatchNext Match

   7. 19. Refusal, revocation or suspension of admissionPrevious MatchNext Match

6. PART 5 Appointment of the Auctioneer and its FunctionsPrevious MatchNext Match

   1. 20. Appointment of the auctioneerPrevious MatchNext Match

   2. 21. The auctioneer's functionsPrevious MatchNext Match

7. PART 6 Appointment and Functions of Auction PlatformPrevious MatchNext Match

   1. 22. Appointment of the auction platformPrevious MatchNext Match

   2. 23. Functions of the auction platformPrevious MatchNext Match

8. PART 7 Appointment Requirements for the Auctioneer and the Auction PlatformPrevious MatchNext Match

   1. 24. Appointment requirements applicable to the auctioneerPrevious MatchNext Match

   2. 25. Appointment requirements applicable to any auction platformPrevious MatchNext Match

9. PART 8 Reporting on TransactionsPrevious MatchNext Match

   1. 26. Obligation to report transactionsPrevious MatchNext Match

10. PART 9 Payment and Transfer of the Auction ProceedsPrevious MatchNext Match

    1. 27. Payment by successful bidders and transfer of proceedsPrevious MatchNext Match

    2. 28. Consequences of late or non-paymentPrevious MatchNext Match

11. PART 10 Delivery of the Auctioned AllowancesPrevious MatchNext Match

    1. 29. Transfer of the auctioned allowancesPrevious MatchNext Match

    2. 30. Delivering the auctioned allowancesPrevious MatchNext Match

    3. 31. Late delivery of the auctioned allowancesPrevious MatchNext Match

12. PART 11 Management of CollateralPrevious MatchNext Match

    1. 32. Collateral given by the bidderPrevious MatchNext Match

    2. 33. Collateral given by the auctioneerPrevious MatchNext Match

13. PART 12 Fees and CostsPrevious MatchNext Match

    1. 34. Structure and level of feesPrevious MatchNext Match

    2. 35. Costs of the auction processPrevious MatchNext Match

14. PART 13 Auction Surveillance, Remedial Measures and SanctionsPrevious MatchNext Match

    1. 36. Monitoring of auctionsPrevious MatchNext Match

    2. 37. Monitoring the relationship with biddersPrevious MatchNext Match

    3. 38. Notification of money laundering, terrorist financing or other criminal activityPrevious MatchNext Match

    4. 39. Notification of market abusePrevious MatchNext Match

    5. 40. Maximum bid-size and other remedial measuresPrevious MatchNext Match

    6. 41. Market conduct rules or any other contractual arrangementsPrevious MatchNext Match

    7. 42. Conduct rules for other persons authorised to bid on behalf of othersPrevious MatchNext Match

15. PART 14 Transparency and ConfidentialityPrevious MatchNext Match

    1. 43. PublicationPrevious MatchNext Match

    2. 44. Announcement and notification of the auction resultsPrevious MatchNext Match

    3. 45. Protection of confidential informationPrevious MatchNext Match

    4. 46. Language regimePrevious MatchNext Match

16. PART 15 Final ProvisionsPrevious MatchNext Match

    1. 47. Right of appealPrevious MatchNext Match

    2. 48. Correction of errorsPrevious MatchNext Match

17. Signature Previous MatchNext Match

18. 1. SCHEDULEPrevious MatchNext Match

       List of the elements referred to in regulation 18(5)Previous MatchNext Match

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

       2. 2. The applicant's name, address, telephone and electronic mail address. Previous MatchNext Match

       3. 3. The account identifier of the applicant's nominated holding account. Previous MatchNext Match

       4. 4. Full details of the applicant's nominated bank account. Previous MatchNext Match

       5. 5. The name, address, telephone and the electronic mail address of...Previous MatchNext Match

       6. 6. For legal persons, proof of: (a) their incorporation stating— Previous MatchNext Match

       7. 7. For legal persons or unincorporated associations or other legal arrangements,...Previous MatchNext Match

       8. 8. For natural persons, proof of their identity, by means of...Previous MatchNext Match

       9. 9. For operators, their permit (within the meaning of article 4...Previous MatchNext Match

       10. 10. For aircraft operators, the emissions monitoring plan issued under article...Previous MatchNext Match

       11. 11. Such information as is required to carry out the customer...Previous MatchNext Match

       12. 12. The applicant's latest audited annual report and accounts including the...Previous MatchNext Match

       13. 13. The United Kingdom VAT registration number, if any, and, where...Previous MatchNext Match

       14. 14. A statement that, to the best of the applicant's knowledge,...Previous MatchNext Match

       15. 15. Proof of compliance with the requirements of regulation 17(2)(g). Previous MatchNext Match

       16. 16. Proof that the applicant satisfies the requirements of regulation 17(3)....Previous MatchNext Match

       17. 17. A statement that the applicant has the necessary legal capacity...Previous MatchNext Match

       18. 18. A statement that to the best of the applicant's knowledge...Previous MatchNext Match

19. Explanatory Note Previous Match