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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 22 April 2021 - onwards
Version 2 of 2

Regulation 31 Late delivery of the auctioned allowances

(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 must deliver the allowances at the earliest opportunity and the successful bidders must accept delivery at that later date.

(2) The remedy provided for in paragraph (1) is the sole remedy to which a successful bidder or its successor in title is 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.