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CHAPTER IIU.K.THE DESIGN OF THE AUCTIONS

Article 4U.K.Auctioned products

[F11. Allowances shall be offered for sale on an auction platform by means of standardised electronic contracts ( the auctioned product ).]

[F22. Each Member State shall auction allowances in the form of either two-day spot or five-day futures.]

F33.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .