Date-stamp loading
Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 21 December 2023 - onwards
  Version 3 of 3    

Article 48 Late delivery of the auctioned allowances

Repealed from 21 December 2023

1. Where the clearing system or settlement system fails to deliver the whole or part of the auctioned allowances due to circumstances outside its control, the clearing system or settlement system shall deliver the allowances at the earliest opportunity and the successful bidders or their successors in title shall accept delivery at that later date.

2. The remedy provided for in paragraph 1 shall be the sole remedy to which a successful bidder or its successors in title shall be entitled to in case of any failure to deliver auctioned allowances, due to circumstances outside the control of the clearing system or settlement system concerned.

Comparing proposed amendment...