(1) The Recognised Auction Platform Regulations 2011 [S.I. 2011/2699.] are amended as follows.

(2) For regulation 6 (market abuse on auction platforms) substitute -

"Market abuse regime applicable from July 2016 to January 2018 in relation to auctioned products other than financial instruments

6.

(1) Schedule 1 (modifications of the Act for the purposes of Articles 37 to 43 of the emission allowance auctioning regulation) has effect.

(2) This regulation and Schedule 1 cease to have effect on 3rd January 2018.".

(3) For Schedule 1 (modifications of Part 8 of the Act in relation to behaviour related to auction platforms) substitute -

"Schedule 1 Modifications of the Act for the purposes of Articles 37 to 43 of the emission allowance auctioning regulation

Regulation 6

The Authority's powers

1.

(1) Where the Authority exercises functions under the emission allowance market abuse regime the following provisions of the Act apply with the modifications set out in paragraphs 2 to 22 -