Regulation 45 Protection of confidential information
(1) The following information is to be treated as confidential information -
(b) the contents of any instructions to bid even when no bid is submitted;
(c) information which discloses, or from which can be deduced, the identity of the bidder in question and either of the following -
(i) the number of allowances which a bidder wishes to acquire in an auction;
(ii) the price which a bidder is willing to pay for those allowances;
(d) information about, or derived from, one or more bids or instructions to bid which either separately or collectively would be likely to -
(i) give an indication as to the demand for allowances prior to any auction;
(ii) give an indication as to the auction clearing price prior to any auction;