(1) A supervisory authority must effectively monitor the relevant persons for whom it is the supervisory authority and take necessary measures for the purpose of securing compliance by such persons with the requirements of these Regulations.
(1A) The Authority, when carrying out its supervisory functions in relation to an auction platform -
(a) must effectively monitor the auction platform’s compliance with -
(i) the customer due diligence requirements of Articles 19 and 20(6) of the emission allowance auctioning regulation;
(ii) the monitoring and record keeping requirements of Article 54 of the emission allowance auctioning regulation; and
(iii) the notification requirements of Article 55(2) and (3) of the emission allowance auctioning regulation; and
(b) may monitor the auction platform’s compliance with regulations 20 and 21 of these Regulations.
(2) A supervisory authority which, in the course of carrying out any of its functions under these Regulations, knows or suspects