Transfer of the auctioned allowancesU.K.
29. Allowances auctioned by the auction platform must be transferred by the [F1UK ETS authority] prior to the opening of a bidding window, into a nominated holding account, to be held in escrow by the clearing system or settlement system acting as custodian, until delivery of the allowances to successful bidders or their successors in title, pursuant to the results of the auction F2....
Textual Amendments
F1Words in reg. 29 substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 13
F2Words in reg. 29 omitted (25.8.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 10(2)
Commencement Information
I1Reg. 29 in force at 22.4.2021, see reg. 1(2)