PART 7Appointment Requirements for the Auctioneer and the Auction Platform
Appointment requirements applicable to the auctioneer24
1
When appointing auctioneers, the Treasury must take into account the extent to which candidates—
a
exhibit the least risk of conflict of interest or market abuse having regard to the following—
i
any activities on the secondary market;
ii
any internal processes and procedures to mitigate the risk of conflict of interest or market abuse;
b
are able to fulfil the auctioneer’s functions, in a timely manner, in accordance with the highest professional and quality standards.
2
The auctioneer’s appointment is subject to the conclusion of the arrangements referred to in regulation 20(3) between the auctioneer and the appointed auction platform.