Chwilio Deddfwriaeth

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Commission Regulation (EU) No 1031/2010Dangos y teitl llawn

Commission Regulation (EU) No 1031/2010 of 12 November 2010 on the timing, administration and other aspects of auctioning of greenhouse gas emission allowances pursuant to Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowances trading within the Community (Text with EEA relevance)

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Article 61Announcement and notification of the auction results

1.An auction platform shall announce the results of each auction it conducts as soon as is reasonably practicable and no later than 15 minutes after the close of the bidding window.

2.The announcement made pursuant to paragraph 1 shall at least include the following:

(a)the volume of the allowances auctioned;

(b)the auction clearing price in euros;

(c)the total volume of bids submitted;

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

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

(f)the total revenue earned from the auction;

(g)the distribution of the revenue between the Member States, in the case of auction platforms appointed pursuant to Article 26(1) or (2).

3.At the same time as the announcement pursuant to paragraph 1, the auction platform shall 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 either in euros or in the currency of a Member State not member of the euro-zone, chosen by the bidder provided that the clearing system or settlement system is capable of handling the national currency in question;

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

4.Where the currency chosen by the bidder is not euros an auction platform shall notify a successful bidder bidding in auctions conducted by it of the exchange rate it has used to calculate the amount due in the currency chosen by the successful bidder.

The exchange rate shall be the rate published on a recognised financial newswire service specified in the contract appointing the auction platform concerned, immediately following the close of the bidding window.

5.An auction platform shall notify the relevant clearing system and settlement system connected to it of the information notified to each successful bidder, pursuant to paragraph 3.

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