(1) The appointed auction platform must provide the following services to the auctioneer as more particularly delineated in the contract appointing it -

(a) providing access to the auctions, pursuant to regulations 13 to 19, including the provision and maintenance of the necessary internet-based electronic interfaces and website;

(b) conducting the auctions in accordance with regulations 4 to 7;

(c) announcing and notifying the results of an auction, pursuant to regulation 44;

(d) providing, or ensuring the provision of, the requisite clearing system or settlement system needed for -

(i) the handling of payments made by successful bidders or their successors in title and distribution of the proceeds of the auctions to the auctioneer, pursuant to regulations 27 and 28;

(ii) delivering the auctioned allowances to successful bidders or their successors in title, pursuant to regulations 29, 30 and 31;