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Commission Regulation (EU) No 1031/2010 of 12 November 2010 on the timing, administration and other aspects of auctioning of greenhouse gas emission allowances pursuant to Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowances trading within the CommunityRecitalsChapter I General provisioins (arts. 1-3)Article 1 Subject matterArticle 2 ScopeArticle 3 DefinitionsChapter II The design of the auctions (arts. 4-7)Article 4 Auctioned productsArticle 5 Auction formatArticle 6 Submission and withdrawal of bidsArticle 7 Auction clearing price and resolution of tied bidsChapter III Auction calendar (arts. 8-14)Article 8 Timing and frequencyArticle 9 Circumstances preventing the conduct of auctionsArticle 10 Annual volumes of the auctioned allowances covered by Chapter III of Directive 2003/87/ECArticle 11 Calendar for individual auctions of allowances covered by Chapter III of Directive 2003/87/EC auctioned by auction platforms appointed pursuant to Article 26(1) of this RegulationArticle 12 Annual volumes of auctioned allowances covered by Chapter II of Directive 2003/87/ECArticle 13 Calendar for individual auctions of allowances covered by Chapter II of Directive 2003/87/EC auctioned by auction platforms appointed pursuant to Article 26(1) of this RegulationArticle 14 Adjustments of the auction calendarChapter IV Access to the auctions (arts. 15-21)Article 15 Persons who may submit bids directly in an auctionArticle 16 Means of accessArticle 17 Training and helplineArticle 18 Persons eligible to apply for admission to bidArticle 19 Requirements for admission to bidArticle 20 Submission and processing of applications for admission to bidArticle 21 Refusal, revocation or suspension of admissionChapter V Appointment of the auctioneer and its functions (arts. 22-23)Article 22 Appointment of the auctioneerArticle 23 The auctioneer's functionsChapter VIArticle 24 Auctioning of allowances for the Innovation Fund and the Modernisation FundArticle 25 Procedure for cancellation of allowances pursuant to Article 12(4) of Directive 2003/87/ECChapter VII Appointment of an auction platform by member states participating in a joint action with the commission and its functions (arts. 26-29)Article 26 Appointment of an auction platform through joint action of the Member States with the CommissionArticle 27 Functions of the auction platform appointed pursuant to Article 26(1)Article 28 Functions of the auction platform appointed pursuant to Article 26(2)Article 29 Services provided to the Commission by the auction platforms appointed pursuant to Article 26(1)Chapter VIII Appointment of auctioin platforms by member states opting to have their own auction platform and their functions (arts. 30-33)Article 30 Appointment of any auction platform other than an auction platform appointed pursuant to Article 26(1)Article 31 Functions of auction platforms other than the auction platforms appointed pursuant to Article 26(1)Article 32 Auction calendar for any auction platform other than the auction platforms appointed pursuant to Article 26(1)Article 33 Review of this RegulationChapter IX Appointment requirements applicable to the auctioneer and any auction platform (arts. 34-35)Article 34 Appointment requirements applicable to the auctioneerArticle 35 Appointment requirements applicable to any auction platformChapter X Reporting on transactions (arts. 36-43)Article 36 Obligation to report transactionsArticle 37 Definitions for market abuse regime applicable to auctioned products other than financial instruments within the meaning of Article 1(3) of Directive 2003/6/ECArticle 38 Prohibition of insider dealingArticle 39 Other prohibited uses of inside informationArticle 40 Other persons covered by the prohibition of inside dealingArticle 41 Prohibition of market manipulationArticle 42 Specific requirements to mitigate the risk of market abuseArticle 43 Supervision and enforcementChapter XI Payment and transfer of the auction proceeds (atrs. 44-45)Article 44 Payment by successful bidders and transfer of proceeds to the Member StatesArticle 45 Consequences of late or non-paymentChapter XII Delivery of the auctioned allowances (arts. 46-48)Article 46 Transfer of the auctioned allowancesArticle 47 Delivering the auctioned allowancesArticle 48 Late delivery of the auctioned allowancesChapter XIII Management of collateral (arts. 49-50)Article 49 Collateral given by the bidderArticle 50 Collateral given by the auctioneerChapter XIV Fees and costs (arts. 51-52)Article 51 Structure and level of feesArticle 52 Costs of the auction processChapter XV Auction surveillance, remedial measures and sanctions (arts. 53-59)Article 53 Monitoring of auctionsArticle 54 Monitoring the relationship with biddersArticle 55 Notification of money laundering, terrorist financing or criminal activityArticle 56 Notification of market abuseArticle 57 Maximum bid-size and other remedial measuresArticle 58 Market conduct rules or any other contractual arrangementsArticle 59 Conduct rules for other persons authorised to bid on behalf of others pursuant to Article 18(1)(b) and (c) and Article 18(2)Chapter XVI Transparency and confidentiality (arts. 60-63)Article 60 PublicationArticle 61 Announcement and notification of the auction resultsArticle 62 Protection of confidential informationArticle 63 Language regimeChapter XVII Final provisions (arts. 64-66)Article 64 Right of appealArticle 65 Correction of errorsArticle 66 Entry into forceAnnex I Template for the notification of voluntary cancellation by a Member State under Article 12(4) of Directive 2003/87/ECAnnex II List of the elements referred to in Article 20(3)Annex III Auction platforms other than those appointed pursuant to Article 26(1), their appointing Member States and any applicable conditions or obligations referred to in Article 30(7)Annex IV Adjustments to the volumes of allowances (in million) to be auctioned in 2013-20 referred to in Article 10(2)Done at
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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 21 December 2023 - onwards
Version 8 of 8

Article 25 Procedure for cancellation of allowances pursuant to Article 12(4) of Directive 2003/87/EC

Repealed from 21 December 2023

[deleted]

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