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Commission Regulation (EU) No 1031/2010Show full title
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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- Revised 28/11/20190.59 MB
- Revised 05/01/20190.56 MB
- Revised 08/11/20170.54 MB
- Revised 27/02/20141.00 MB
- Revised 15/11/20130.99 MB
- Revised 10/11/20120.51 MB
- Revised 01/09/20120.50 MB
- Revised 25/11/20110.96 MB
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Changes over time for: Article 27
Version Superseded: 15/11/2013
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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 [F1through 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;
(f)providing the auction monitor with any information relating to the conduct of the auctions, required for the carrying out of the auction monitor’s functions, pursuant to Article 53;
(g)[F2surveying] 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 [F2Article 54] to 59 and Article 64(1).
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.
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