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 system for greenhouse gas emission allowances trading within the Union (Text with EEA relevance)

CHAPTER VIIU.K.APPOINTMENT OF AN AUCTION PLATFORM BY MEMBER STATES PARTICIPATING IN A JOINT ACTION WITH THE COMMISSION AND ITS FUNCTIONS

Article 26U.K.Appointment of an auction platform through joint action of the Member States with the Commission

[F11. Without prejudice to Article 30, Member States shall appoint an auction platform to auction allowances pursuant to Article 27 following a joint procurement procedure between the Commission and the Member States participating in the joint action pursuant to this Article.]

F22.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F33. The joint procurement procedure referred to in paragraph 1 shall be conducted pursuant to Article 165(2) of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council (1) .

4. Any period of appointment of the auction platforms referred to in paragraph 1 shall be no longer than five years. Where the conditions under Article 172(3) of Regulation (EU, Euratom) 2018/1046 are fulfilled, the Member States and the Commission may extend the maximum period of appointment of the auction platform to seven years. During the contract duration, the Commission may conduct a preliminary market consultation in accordance with Article 166(1) of Regulation (EU, Euratom) 2018/1046 with a view to verify the market conditions and to prepare the new procurement procedure.

5. The identity and contact details of the auction platforms referred to in paragraph 1 shall be published on the Commission’s website.

6. Any Member State that joins the joint actions as provided in paragraph 1 after the entry into force of the joint procurement agreement entered into between the Commission and the Member States participating in that action shall accept the terms and conditions agreed by the Commission and the Member States joining the joint action prior to the entry into force of that agreement as well as any decisions already adopted under that agreement.

Any Member State that decides pursuant to Article 30(4) not to participate in the joint action as provided in paragraph 1 of this Article but to appoint its own auction platform may be given observer status upon terms and conditions agreed in the joint procurement agreement between the Member States participating in the joint action as provided in paragraph 1 and the Commission subject to any applicable public procurement rules.]

Textual Amendments

Article 27U.K.Functions of the auction platform appointed pursuant to Article 26(1)

1.The auction platform appointed pursuant to Article 26(1) shall provide the following services to the Member States as more particularly delineated in the contract appointing it:

(a)providing access to the auctions, pursuant to Articles 15 to 21, including the provision and maintenance of the necessary internet-based electronic interfaces and website;

(b)conducting the auctions in accordance with Articles 4 to 7;

(c)managing the auction calendar in accordance with Articles 8 to 14;

(d)announcing and notifying the results of an auction, pursuant to Article 61;

(e)providing, or ensuring [F4through sub-contracting] the provision of, the requisite clearing system or settlement system needed for:

(i)

the handling of payments made by successful bidders or their successors in title and distribution of the proceeds of the auctions to the auctioneer, pursuant to Articles 44 and 45;

(ii)

delivering the auctioned allowances to successful bidders or their successors in title, pursuant to Articles 46, 47 and 48;

(iii)

managing collateral including any margining, provided by the auctioneer or bidders, pursuant to Articles 49 and 50;

[F3(f) providing the Commission with any information relating to the conduct of the auctions pursuant to Article 53;

(g) surveying the auctions, notifying suspicions of money laundering, terrorist financing, criminal activity or market abuse, administering any required remedial measures or sanctions including the provision of an extra-judicial dispute resolution mechanism, pursuant to Article 54 to 59 and Article 64(1);]

[F5(h) reporting, pursuant to Article 36.]

2.At least 20 trading days prior to the opening of the first bidding window run by the auction platform appointed pursuant to Article 26(1), the auction platform shall be connected to at least one clearing system or settlement system.

[F33. Within three months from the date of its appointment, the auction platform shall submit its detailed exit strategy to the Commission.]

Textual Amendments

F2Article 28U.K. [F2Functions of the auction platform appointed pursuant to Article 26(2)]

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Textual Amendments

Article 29U.K. [F3Services provided to the Commission by the auction platforms appointed pursuant to Article 26(1)]

[F3Auction platforms appointed pursuant to Article 26(1) shall provide the Commission with technical support services with respect to the Commission’s work relating to the following:]

(a)

[F3any coordination of the auction calendar for Annex III;]

(b)

[F2. . . . .

(c)

. . . . .]

(d)

[F3the reports by the Commission pursuant to Articles 10(5) of Directive 2003/87/EC;]

(e)

[F4. . . . .]

(f)

[F3any review of this Regulation, Directive 2003/87/EC or the delegated acts adopted pursuant to Article 19(3) of that Directive which has an impact on the functioning of the carbon market including the implementation of the auctions;]

(g)

any other joint action relating to the functioning of the carbon market including the implementation of the auctions agreed between the Commission and the Member States participating in the joint action.

Textual Amendments

(1)

[F3Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union, amending Regulations (EU) No 1296/2013, (EU) No 1301/2013, (EU) No 1303/2013, (EU) No 1304/2013, (EU) No 1309/2013, (EU) No 1316/2013, (EU) No 223/2014, (EU) No 283/2014, and Decision No 541/2014/EU and repealing Regulation (EU, Euratom) No 966/2012 ( OJ L 193, 30.7.2018, p. 1 ).]

Textual Amendments