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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 25 August 2021 - onwards
Version 4 of 4

Regulation 44 Announcement and notification of the auction results

(1) An auction platform must announce the results of each auction it conducts including at least the following information -

(a) the volume of the allowances auctioned;

(b) the auction clearing price in pounds sterling;

(c) the total volumes included in bids submitted;

(d) the total number of bidders and the number of successful bidders;

(e) in case of cancellation of, or unsold allowances at, an auction, the auctions to which the volume of allowances will be carried over;

(f) the total revenue earned from the auction.

(2) The auction platform must announce the results of each auction as soon as is reasonably practicable.

(3) The information on the auction results pursuant to paragraph (1)(a) and (b) must be announced no later than 5 minutes after the close of the bidding window.

(4) The information on the auction results pursuant to paragraph (1)(c) to (f) must be announced no later than 15 minutes after the close of the bidding window.