SCHEDULES
SCHEDULE 1MATTERS FOR, OR IN CONNECTION WITH, WHICH REGULATIONS MAY BE MADE UNDER SECTION 2
Emissions trading scheme
2
(1)
Authorising the making of schemes for the trading or other transfer of quotas allocated as mentioned in paragraph 1(2)(b).
(2)
Authorising the inclusion in a scheme under sub-paragraph (1) of—
(a)
provision for penalties in respect of contraventions of provisions of the scheme; or
(b)
provision for the amount of any penalty under the scheme to be such as may be set out in, or calculated in accordance with—
(i)
the scheme; or
(ii)
the regulations (including regulations made after the scheme).