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Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021 [SI 2021 No. 484]Introductory TextPart 1 General Provisions (regs. 1-3)Regulation 1 Citation and commencementRegulation 2 InterpretationRegulation 3 Meaning of UK ETS authorityPart 2 Auction Design (regs. 4-7)Regulation 4 Auctioned productsRegulation 5 Submission and withdrawal of bidsRegulation 6 Auction clearing price and resolution of tied bidsRegulation 7 Auction clearing pricePart 3 Auction Calendar (regs. 8-12)Regulation 8 Calendar for individual auctionsRegulation 9 Annual volumes of allowancesRegulation 10 Adjustments of the auction calendarRegulation 11 Circumstances preventing the conduct of auctionsRegulation 12 Cost containment mechanismPart 4 Access to Auctions (regs. 13-19)Regulation 13 Persons who may submit bids directly in an auctionRegulation 14 Means of accessRegulation 15 Training and helplineRegulation 16 Persons eligible to apply for admission to bidRegulation 17 Requirements for admission to bidRegulation 18 Submission and processing of applications for admission to bidRegulation 19 Refusal, revocation or suspension of admissionPart 5 Appointment of the Auctioneer and its Functions (regs. 20-21)Regulation 20 Appointment of the auctioneerRegulation 21 The auctioneer’s functionsPart 6 Appointment and Functions of Auction Platform (regs. 22-23)Regulation 22 Appointment of the auction platformRegulation 23 Functions of the auction platformPart 7 Appointment Requirements for the Auctioneer and the Auction Platform (regs. 24-25)Regulation 24 Appointment requirements applicable to the auctioneerRegulation 25 Appointment requirements applicable to any auction platformPart 8 Reporting on Transactions (reg. 26)Regulation 26 Obligation to report transactionsPart 9 Payment and Transfer of the Auction Proceeds (regs. 27-28)Regulation 27 Payment by successful bidders and transfer of proceedsRegulation 28 Consequences of late or non-paymentPart 10 Delivery of the Auctioned Allowances (regs. 29-31)Regulation 29 Transfer of the auctioned allowancesRegulation 30 Delivering the auctioned allowancesRegulation 31 Late delivery of the auctioned allowancesPart 11 Management of Collateral (regs. 32-33)Regulation 32 Collateral given by the bidderRegulation 33 Collateral given by the auctioneerPart 12 Fees and Costs (regs. 34-35)Regulation 34 Structure and level of feesRegulation 35 Costs of the auction processPart 13 Auction Surveillance, Remedial Measures and Sanctions (regs. 36-42)Regulation 36 Monitoring of auctionsRegulation 37 Monitoring the relationship with biddersRegulation 38 Notification of money laundering, terrorist financing or other criminal activityRegulation 39 Notification of market abuseRegulation 40 Maximum bid-size and other remedial measuresRegulation 41 Market conduct rules or any other contractual arrangementsRegulation 42 Conduct rules for other persons authorised to bid on behalf of othersPart 14 Transparency and Confidentiality (regs. 43-46)Regulation 43 PublicationRegulation 44 Announcement and notification of the auction resultsRegulation 45 Protection of confidential informationRegulation 46 Language regimePart 15 Final Provisions (regs. 47-48)Regulation 47 Right of appealRegulation 48 Correction of errorsSchedule - List of the elements referred to in regulation 18(5)SignatureExplanatory NoteExplanatory MemorandumDe minimis assessment
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Part 7 Appointment Requirements for the Auctioneer and the Auction Platform (regs. 24-25)

Regulation 24 Appointment requirements applicable to the auctioneer
Regulation 25 Appointment requirements applicable to any auction platform
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