The Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021

• (2) Where any allowances given as collateral under paragraph (1) are not used, the clearing system or settlement system may retain them in a nominated holding account held in escrow by the clearing system or settlement system acting as custodian, pending their delivery.

PART 12 — Fees and Costs

Structure and level of fees

34

• (1) The structure and level of fees as well as any related conditions applied by any auction platform and the clearing system and settlement system are to be no less favourable than comparable standard fees and conditions applied on the secondary market.

• (2) The auction platform and the clearing system and settlement system may only apply fees, deductions or conditions explicitly set out in the contract appointing them.

• (3) All fees and conditions applied pursuant to paragraphs (1) and (2) must be—

• (a) clearly stated, easily understandable and publicly available, and

• (b) itemised, indicating each charge made for each type of service.

Costs of the auction process

35

• (1) Without prejudice to paragraph (2), the costs of the services provided for in regulation 23(1) must be paid for through fees paid by the bidders.

• (2) The costs referred to in paragraph (1) must be deducted from the auction proceeds payable to the auctioneers pursuant to regulation 27(2) and (3).

PART 13 — Auction Surveillance, Remedial Measures and Sanctions

Monitoring of auctions

36

• (1) By the end of each month, the appointed auction platform must report on the implementation of the auctions it conducted in the preceding month in particular with respect to—

• (a) fair and open access;

• (b) transparency;

• (c) price formation;

• (d) technical and operational aspects of the implementation of the contract appointing the auction platform concerned;

• (e) the relationship between the auction processes and the secondary market in respect of the information under points (a) to (d);

• (f) any evidence of anti-competitive behaviour, market abuse, money laundering, terrorist financing or other criminal activity that the auction platform has been made aware while carrying out its functions pursuant to regulation 23;

• (g) any breach of these Regulations of which the auction platform has been made aware while carrying out its functions pursuant to regulation 23 of these Regulations;

• (h) follow-up to any information reported under points (a) to (g).

• (2) In addition, by 31 January of each year, the auction platform must also provide a summary and an analysis of these monthly reports of the previous year.

• (3) The appointed auction platform must provide the reports under paragraph (1) and (2) to the FCA , the auctioneer and the Treasury.

• (4) The auctioneer must—

• (a) monitor the implementation of the contracts appointing the auction platforms;

• (b) publish the summary reports referred to in paragraph (2) on its website.

• (5) The FCA and appointed auction platform must actively cooperate with the auctioneer and the Treasury and, upon request, provide the auctioneer or the Treasury with any information in their possession relating to the auctions, as is reasonably required for the monitoring of the auctions.

Monitoring the relationship with bidders

37

• (1) The appointed auction platform must monitor the relationship with bidders admitted to bid in its auctions throughout its subsistence, by—

• (a) scrutinising bids made throughout the course of that relationship to ensure that the bidding behaviour of bidders is consistent with the auction platform's knowledge of the customer, its business and risk profile, including, where necessary, the source of funds;

• (b) maintaining effective arrangements and procedures for the regular monitoring of the compliance by persons admitted to bid pursuant to regulation 17(1) and (2) with the market conduct rules of the appointed auction platform;

• (c) monitoring transactions undertaken by persons admitted to bid pursuant to regulation 17(1) and (2) and by politically exposed persons (within the meaning of regulation 35 of the Money Laundering Regulations) using its systems in order to identify breaches of the rules referred to in sub-paragraph (b), unfair or disorderly auctioning conditions or conduct that may invoke market abuse.

• (2) Where scrutinising bids in accordance with paragraph (1)(a), the appointed auction platform must pay particular attention to any activity which it regards as particularly likely, by its nature, to be related to money laundering, terrorist financing or other criminal activity.

• (3) The appointed auction platform must ensure that the documents, data or information it holds on a bidder are kept up-to-date, and for this purpose, the auction platform may—

• (a) request any information of the bidder, pursuant to regulation 17(2) and (3) and regulation 18(7) and (8), it requires for the purposes of monitoring the relationship with that bidder following its admission to bid in the auctions, throughout the subsistence of that relationship and for a period of 5 years following its termination;

• (b) require any person admitted to bid to re-submit an application for admission to bid at regular intervals;

• (c) require any person admitted to bid to promptly notify the auction platform concerned of any changes to the information submitted to it pursuant to regulation 17(2) and (3) and regulation 18(7) and (8).

• (4) The appointed auction platform must keep records of—

• (a) the application for admission to bid submitted by an applicant, pursuant to regulation 17(2), including any amendments thereto;

• (b) the checks carried out in—

• (i) processing the application for admission to bid submitted, pursuant to regulations 17 and 18;

• (ia) refusing to grant admission to bid and revoking or suspending any admission to bid under regulation 19;

• (ii) scrutinising and monitoring the relationship, pursuant to paragraph (1)(a) and (c), following an applicant's admission to bid;

• (c) all information relating to a given bid submitted by a given bidder in an auction, including any withdrawal or modification of such bids, pursuant to regulation 5...;

• (d) all information relating to the conduct of each auction in which a bidder has submitted a bid.

• (5) The appointed auction platform must keep the records referred to in paragraph (4) for as long as a bidder is admitted to bid in its auctions and for at least 5 years following the termination of the relationship with that bidder.

Notification of money laundering, terrorist financing or other criminal activity

38

• (1) The FCA must monitor and take the necessary measures to ensure compliance of an appointed auction platform with the customer due diligence measures referred to in regulation 17(2)(e), with the obligation to refuse to grant admission to bid, revoke or suspend any admission to bid already granted pursuant to regulation 19(1) and (2), with the monitoring and record keeping requirements of regulation 37 and with the notification requirements of paragraphs (4), (5) and (6).

• (2) The FCA may exercise the powers given to it in regulations 66 to 74 of the Money Laundering Regulations for the purpose of its supervisory functions under these Regulations as though—

• (a) those functions were supervisory functions given to the FCA under the Money Laundering Regulations; and

• (b) references in regulations 66 to 74 of the Money Laundering Regulations to contravention of the Money Laundering Regulations included a reference to contravention of these Regulations.

• (3) The appointed auction platform may be held liable for infringements of regulations 18(8) and (12), 19(1) and (2), 37, and paragraphs (4), (5) and (6) of this regulation, and infringements of these provisions are to be treated as breach of a relevant requirement for the purposes of Part 9 of the Money Laundering Regulations.

• (4) The appointed auction platform, its directors and employees, must cooperate fully with the National Crime Agency (“NCA”) by promptly—

• (a) informing the NCA, including by filing a report, on their own initiative, where they know, suspect or have reasonable grounds to suspect that funds in relation to the auctions, regardless of the amount involved, are the proceeds of criminal activity or are related to terrorist financing, and by promptly responding to requests by the NCA for additional information in such cases;

• (b) providing the NCA directly, at its request, with all necessary information.

• (5) All suspicious transactions, including attempted transactions, must be reported by the appointed auction platform to the NCA.

• (6) The appointed auction platform must inform the NCA of the individual who is responsible for forwarding information pursuant to this regulation.

Notification of market abuse

39

• (1) The appointed auction platform must—

• (a) establish and maintain effective arrangements, system and procedures—

• (i) to prevent and detecting market abuse and attempted market abuse,

• (ii) detect and report suspicious orders and transactions;

• (b) report to the FCA, any suspicions of market abuse or attempted market abuse by any person admitted to bid in the auctions or by any person on whose behalf the person admitted to bid in the auctions is acting,

in accordance with Article 16 of the Market Abuse Regulation and with any technical standards made under that Article.

• (2) The report given under paragraph (1) must state what remedial action it ... proposes to take to counter the wrongdoing referred to in paragraph (1).

• (3) Where the appointed auction platform gives a report under paragraph (1) to the FCA, the appointed auction platform must inform the auctioneer and the Treasury of that fact and the remedial action proposed as soon as reasonably practicable.

Maximum bid-size and other remedial measures

40

• (1) A maximum bid-size, or any other remedial measures necessary to mitigate an actual or potential discernible risk of market abuse, money laundering, terrorist financing or other criminal activity, as well as anti-competitive behaviour, may be imposed by the appointed auction platform after consulting the FCA and the auctioneer.

• (2) The maximum bid-size must either be expressed as a percentage of the total number of auctioned allowances in any given auction or a percentage of the total number of auctioned allowances in any given year, whichever may be most appropriate to deal with the risk of market abuse.

• (3) For the purposes of this regulation, “maximum bid-size” means the maximum number of allowances that may be bid for, directly or indirectly, by any person, or by any group of persons belonging to any of the following categories—

• (a) the same group including any parent undertakings, its subsidiary undertakings and affiliated undertakings;

• (b) the same business grouping;

• (c) a separate economic unit having an independent power of decision where they are controlled, directly or indirectly, by public bodies or state-owned entities.

Market conduct rules or any other contractual arrangements

41

Regulations 36 to 40 are without prejudice to any other action that an appointed auction platform is entitled to take under its market conduct rules or any other contractual arrangements in place, directly or indirectly, with any bidders admitted to bid in the auctions, provided that such action does not conflict with or undermine the provisions of regulations 36 to 40.

Conduct rules for other persons authorised to bid on behalf of others

42

• (1) This regulation applies to persons authorised to bid pursuant to regulation 16(2).

• (2) Persons referred to in paragraph (1) must apply the following conduct rules in their relationship with their clients—

• (a) they must accept instructions from their clients on comparable terms;

• (b) they must refuse to bid on behalf of a client if they have reasonable grounds to suspect money laundering, terrorist financing, other criminal activity or market abuse, subject to sections 327, 328, 329 and 338(3) of the Proceeds of Crime Act 2002 and section 21A of the Terrorism Act 2000 ;

• (c) they may refuse to bid on behalf of a client if they have reasonable grounds to suspect that the client is unable to pay for the allowances for which it is seeking to bid;

• (d) they must enter into a written agreement with their clients which—

• (i) does not impose any unfair conditions or restrictions on the client concerned, and

• (ii) provides for all the terms and conditions relating to the services offered including in particular payment and delivery of the allowances;

• (e) they may require their clients to make a deposit by way of advance payment for allowances;

• (f) they may not unduly limit the number of bids that a client might submit;

• (g) they may not prevent or restrict their clients from engaging the services of other entities eligible pursuant to regulation 16(1)(b) to (e) and (2) to bid on their behalf in the auctions;

• (h) they must pay due regard to the interests of their clients who request them to submit bids on their behalf in the auctions;

• (i) they must treat clients fairly and without discrimination;

• (j) they must maintain adequate internal systems and procedures to process requests from clients to act as agent in an auction and to be able to participate effectively in an auction in particular with regard to the submission of bids on behalf of their clients, collect payment and collateral from and transfer allowances to clients for whom they act;

• (k) they must prevent the disclosure of confidential information from that part of their business responsible for receiving, preparing and submitting bids on behalf of their clients to that part of their business responsible for preparing and submitting bids on their own account or to that part of their business responsible for dealing on their own account on the secondary market;

• (l) they must keep records of information obtained or created in their role as intermediaries handling bids on behalf of their clients in the auctions, for five years from the date of obtaining or creating the information concerned.

• (3) The amount of the deposit referred to in paragraph (2)(e) must be calculated on a just and reasonable basis.

• (4) The method of calculating the deposit referred to in paragraph (2)(e) must be set out in the agreements entered into pursuant to paragraph (2)(d).

• (5) Any part of the deposit referred to in paragraph (2)(e) not used to satisfy payment for allowances must be refunded to the payee within a reasonable period after the auction as stated in the agreements entered into pursuant to paragraph (2)(d).

• (6) Persons referred to in paragraph (1) must apply the following conduct rules when bidding on their own account or on behalf of their clients—

• (a) they must provide any information requested by any auction platform where they are admitted to bid to fulfil its functions under these Regulations;

• (b) they must act with integrity, reasonable skill, care and diligence.

• (7) The FCA is responsible for authorising such persons to carry out the activities referred to in paragraph (1) and for monitoring and enforcing compliance with the conduct rules provided for in paragraphs (2) to (6) including the handling of any complaints made for non-compliance with such conduct rules.

• (8) The FCA may only grant an authorisation to the persons referred to in paragraph (1) where the persons fulfil all of the following conditions—

• (a) they are of sufficiently good repute and sufficiently experienced to ensure proper respect of the conduct rules provided for in paragraphs (2) to (6);

• (b) they have put in place the necessary processes and checks to manage conflicts of interest and serve the best interests of their clients;

• (c) they comply with the requirements of the Money Laundering Regulations;

• (d) they comply with any other measures deemed necessary having regard to the nature of the bidding services being offered and the level of sophistication of the clients in question in terms of their investor or trading profile as well as any risk-based assessment of the likelihood of money laundering, terrorist financing or other criminal activity.

• (9) The FCA must monitor and enforce the conditions listed in paragraph (8).

• (10) Clients of bidders referred to in paragraph (1) may direct any complaints that they may have with regard to compliance with the conduct rules provided for in paragraphs (2) to (6) to the FCA.

• (11) Persons referred to in paragraph (1) that are admitted to bid at an auction platform pursuant to regulations 16, 17 and 18 may provide bidding services to clients referred to in regulation 17(3)(a).

PART 14 — Transparency and Confidentiality

Publication

43

• (1) The auction platform must publish all legislation, guidance, instructions, forms, documents, announcements, and any other non-confidential information pertinent to the auctions on the auction platform, including—

• (a) the auction calendar;

• (b) the list of persons admitted to bid in the auctions;

• (c) any decision, including any decision pursuant to regulation 40, to impose a maximum bid-size; and

• (d) any other remedial measures necessary to mitigate an actual or potential discernible risk of money-laundering, terrorist financing, other criminal activity or market abuse on that auction platform,

on a dedicated up-to-date auctioning website maintained by that auction platform.

• (2) Information which is no longer relevant must be archived, and the archives must be accessible through the same auctioning website.

• (3) A list of the names, addresses, telephone numbers, electronic mail addresses and websites of all persons admitted to bid on behalf of others in auctions conducted by any appointed auction platform must be published on the website maintained by the auction platform concerned.

Announcement and notification of the auction results

44

• (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.

• (5) At the same time as the auction platform announces the information listed in paragraph (1)(c) to (f), the auction platform must notify each successful bidder bidding through its systems—

• (a) the total number of allowances to be allocated to that bidder;

• (b) which of its tied bids, if any, were randomly selected;

• (c) the payment due in pounds sterling;

• (d) the date by which the payment due must be paid in cleared funds into the auctioneer's nominated bank account.

• (6) An auction platform must notify the relevant clearing system and settlement system connected to it of the information notified to each successful bidder under paragraph (5).

Protection of confidential information

45

• (1) The following information is to be treated as confidential information—

• (a) the contents of a bid;

• (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;

• (e) information provided by persons in the context of the establishment or maintenance of the relationship with bidders or in the context of the monitoring of that relationship under regulations 17, 18, 19 and 37;

• (f) business secrets provided by persons participating in a competitive procurement process to appoint an auction platform;

• (g) information on the algorithm used for the random selection of tied bids, referred to in regulation 6(3).

• (h) the methodology referred to in regulation 7(4) and the prevailing secondary market price determined in accordance with that methodology.

• (2) Confidential information may not be disclosed by any person who obtained that information, whether directly or indirectly, otherwise than in accordance with paragraph (3).

• (3) Paragraph (2) does not prevent the disclosure of confidential information which—

• (a) has already lawfully been made available to the public;

• (b) is made public with the written consent of a bidder, person admitted to bid, or person applying for admission to bid;

• (c) is required to be disclosed or to be publicly available by an obligation under the law of the United Kingdom or of any part of the United Kingdom;

• (d) is made public pursuant to a court order;

• (e) is disclosed or made public for the purposes of any criminal, administrative, or judicial investigations or proceedings carried out in the United Kingdom;

• (f) is aggregated or redacted prior to its disclosure, so that it is unlikely that information relating to the following is discernible—

• (i) individual bids or instructions to bid;

• (ii) individual auctions;

• (iii) individual bidders, prospective bidders or persons applying for admission to bid;

• (iv) individual applications for admission to bid;

• (v) individual relationships with bidders;

• (g) is referred to in paragraph (1)(f) provided that it is disclosed to persons working for the auctioneer or other persons involved in the competitive procurement process referred to in paragraph (1)(f), who are themselves bound by an obligation of professional secrecy under their terms of employment;

• (h) is made public after the end of a period of 30 months starting from any of the following dates, subject to any subsisting professional secrecy obligations under the law of the United Kingdom or any part of the United Kingdom—

• (i) the date of the opening of the bidding window of the auction in which the confidential information is first disclosed with respect to confidential information in paragraph (1)(a) to (d);

• (ii) the date of the termination of the relationship with a bidder with respect to confidential information in paragraph (1)(e);

• (iii) the date of submission of the information in the competitive procurement process with respect to confidential information in paragraph (1)(f).

• (4) The measures required to ensure that confidential information is not wrongfully disclosed and the consequences of any such wrongful disclosure by an auction platform, including any persons contracted to work for it, must be set out in the contract appointing it.

• (5) Confidential information obtained by an auction platform, including any persons contracted to work for it, may be used solely for the purpose of the performance of its obligations or the exercise of its functions with respect to the auctions.

• (6) Paragraphs (1) to (5) do not preclude the exchange of confidential information between an auction platform and—

• (a) the FCA;

• (aa) the auctioneer;

• (ab) the UK ETS authority;

• (ac) the Treasury;

• (b) any body which is a supervisory authority for the purposes of the Money Laundering Regulations; or

• (c) the police and competent national authorities responsible for investigating and prosecuting money laundering, terrorist financing, other criminal activity or market abuse.

• (7) Confidential information exchanged under paragraph (6) may not be disclosed to any person other than those referred to in paragraph (6)... contrary to paragraph (2).

• (8) Any person who works, or has worked for, an auction platform involved in the auctions, must be bound by the obligation of professional secrecy and must ensure that confidential information is protected pursuant to this regulation.

Language regime

46

• (1) Written information provided by the appointed auction platform pursuant to regulation 43 or under the contract appointing it, must be in English.

• (2) All communications from applicants for admission to bid and persons admitted to bid must be in English, including—

• (a) their applications for admission to bid, including any supporting documents;

• (b) their bids, including any withdrawal or modifications thereof;

• (c) any queries relating to sub-paragraphs (a) or (b).

• (3) All other oral or written communication by the appointed auction platform to applicants for admission to bid, persons admitted to bid or bidders participating in an auction, must be made in English.

PART 15 — Final Provisions

Right of appeal

47

• (1) The appointed auction platform must have effective arrangements to deal with complaints from applicants for admission to bid, bidders admitted to bid, or whose admission to bid has been refused, revoked or suspended.

• (2) Those arrangements must include procedures for the fair, independent and impartial resolution of appeals against decisions of the auction platform.

• (3) A decision in relation to an appeal under paragraph (2) must be given in writing, with full reasons.

Correction of errors

48

• (1) Any errors in any payment or allowance transfers made and collateral or deposit given or released under these Regulations must be notified to the clearing system or settlement system as soon as it comes to the notice of any person.

• (2) The clearing system or settlement system must take whatever measures are necessary to rectify any errors in any payment or allowance transfers made and collateral or deposit given or released under these Regulations which come to their attention by whatever means.

• (3) If any person—

• (a) has benefitted from an error referred to in paragraph (1) which cannot be rectified under paragraph (2), due to the intervening rights of a third party purchaser in good faith, and

• (b) knew of or ought to have known of the error and failed to notify it to the clearing system or settlement system,

that person is liable to make good any damage caused by the error.

SCHEDULE — List of the elements referred to in regulation 18(5)

1

Proof of eligibility pursuant to regulation 16(1) or (2).

2

The applicant's name, address, telephone and electronic mail address.

3

The account identifier of the applicant's nominated holding account.

4

Full details of the applicant's nominated bank account.

5

The name, address, telephone and the electronic mail address of one or more representatives of the bidder as defined in regulation 5(5).

6

For legal persons, proof of:

• (a) their incorporation stating—

• (i) the legal form of the applicant;

• (ii) the law by which it is governed;

• (iii) whether or not the applicant is a publicly listed company of one or more recognised stock exchanges;

• (b) if applicable, the registration number of the applicant in the relevant register where the applicant is registered, failing which the applicant must provide the memorandum, statutes or other document attesting to its incorporation.

7

For legal persons or unincorporated associations or other legal arrangements, such information as is required to identify the beneficial owner and understand the ownership and control structure of the legal person or arrangement in question.

8

For natural persons, proof of their identity, by means of an identity card, driving licence, passport or similar government issued document containing the full name, photograph, date of birth and residential address of the applicant concerned, which may be supported by other appropriate corroborating documents wherever necessary.

9

For operators, their permit (within the meaning of article 4 of the Trading Scheme Order).

10

For aircraft operators, the emissions monitoring plan issued under article 29 of the Trading Scheme Order.

11

Such information as is required to carry out the customer due diligence measures referred to in regulation 17(2)(e).

12

The applicant's latest audited annual report and accounts including the profit and loss account and balance sheet, if any; if none, a United Kingdom VAT return, if any, or such further information as required to be satisfied as to the applicant's solvency and creditworthiness.

13

The United Kingdom VAT registration number, if any....

14

A statement that, to the best of the applicant's knowledge, the applicant satisfies the requirements of regulation 17(2)(f).

15

Proof of compliance with the requirements of regulation 17(2)(g).

16

Proof that the applicant satisfies the requirements of regulation 17(3).

17

A statement that the applicant has the necessary legal capacity and authority to bid on its own account or on behalf of others in an auction.

18

A statement that to the best of the applicant's knowledge there is no legal, regulatory, contractual or any other impediment preventing it from performing its obligations under these Regulations.

Signed

David Rutley — Maggie Throup — Two of the Lords Commissioners of Her Majesty's Treasury — 2021-04-21

Explanatory note

(This note is not part of the Regulations)

Footnotes

[^f00001]: 2020 c. 14.

[^f00002]: S.I. 2020/1265, amended by S.I. 2020/1557.

[^f00003]: S.I. 1999/2979, amended by S.I. 2019/341. The definition of “collateral security” has been amended by S.I. 2010/2993.

[^f00004]: 2001 c. 24.

[^f00005]: 2018 c. 13.

[^f00006]: S.I. 2019/573.

[^f00007]: The FCA was established under section 1A of the Financial Services and Markets Act 2000 (c. 8), as amended by the Financial Services Act 2012 (c. 21).

[^f00008]: 2002 c. 29.

[^f00009]: S.I. 2017/692.

[^f00010]: 2006 c. 46.

[^f00011]: 2000 c. 8. Section 290 was amended by paragraph 6 of Schedule 8 to the Financial Services Act 2012 (c. 21); S.I. 2007/126 and S.I. 2013/504.

[^f00012]: 2018 c. 16.

[^f00013]: 2008 c. 27.

[^f00014]: OJ L 275, 25.10.2003, p. 32.

[^f00015]: 2000 c. 8. Part 4A was substituted for the original Part 4 by s. 11(2) of the Financial Services Act 2012 (c. 21).

[^f00016]: OJ L173, 12.6.2014, p.349.

[^f00017]: S.I.2001/544. Schedule 3 was inserted by S.I. 2018/1403.

[^f00018]: The National Crime Agency was established under the Crime and Courts Act 2013 (c. 22).

[^f00019]: S.I. 2012/2661.

[^f00020]: S.I. 2011/2699.

[^f00021]: S.I 2001/995, amended by S.I. 2017/1064.

[^f00022]: OJ L124, 20/5/2003, p.36.

[^f00023]: 2002 c. 29. Sections 327, 328 and 329 have been amended by ss. 102 and 103 of the Serious Organised Crime and Police Act 2005 (c. 15). Section 338(3) has been amended by s. 106(6) of that Act, and S.I. 2007/3398.

[^f00024]: 2000 c. 11. Section 21A was inserted by paragraph 5 of Schedule 2 to the Anti-Terrorism, Crime and Security Act 2001 (c. 24), and amended by paragraph 128 of Schedule 4 to the Serious Organised Crime and Police Act 2005, paragraph 72 of Schedule 8 to the Crime and Courts Act 2013 (c. 22), and S.I. 2007/3398.

Editorial notes

[^c24493861]: 2020 c. 14.

[^c24493871]: S.I. 2020/1265, amended by S.I. 2020/1557.

[^c24493881]: S.I. 1999/2979, amended by S.I. 2019/341. The definition of “collateral security” has been amended by S.I. 2010/2993.

[^c24493891]: 2001 c. 24.

[^c24493901]: 2018 c. 13.

[^c24493911]: S.I. 2019/573.

[^c24493921]: The FCA was established under section 1A of the Financial Services and Markets Act 2000 (c. 8), as amended by the Financial Services Act 2012 (c. 21).

[^c24493931]: 2002 c. 29.

[^c24493941]: S.I. 2017/692.

[^c24493951]: 2006 c. 46.

[^c24493961]: 2000 c. 8. Section 290 was amended by paragraph 6 of Schedule 8 to the Financial Services Act 2012 (c. 21); S.I. 2007/126 and S.I. 2013/504.

[^c24493971]: 2018 c. 16.

[^c24493981]: 2008 c. 27.

[^c24494001]: 2000 c. 8. Part 4A was substituted for the original Part 4 by s. 11(2) of the Financial Services Act 2012 (c. 21).

[^c24494011]: OJ L173, 12.6.2014, p.349.

[^c24494021]: S.I.2001/544. Schedule 3 was inserted by S.I. 2018/1403.

[^c24494031]: The National Crime Agency was established under the Crime and Courts Act 2013 (c. 22).

[^c24494041]: S.I. 2012/2661.

[^c24494051]: S.I. 2011/2699.

[^c24494061]: S.I 2001/995, amended by S.I. 2017/1064.

[^c24494071]: OJ L124, 20/5/2003, p.36.

[^c24494081]: 2002 c. 29. Sections 327, 328 and 329 have been amended by ss. 102 and 103 of the Serious Organised Crime and Police Act 2005 (c. 15). Section 338(3) has been amended by s. 106(6) of that Act, and S.I. 2007/3398.

[^c24494091]: 2000 c. 11. Section 21A was inserted by paragraph 5 of Schedule 2 to the Anti-Terrorism, Crime and Security Act 2001 (c. 24), and amended by paragraph 128 of Schedule 4 to the Serious Organised Crime and Police Act 2005, paragraph 72 of Schedule 8 to the Crime and Courts Act 2013 (c. 22), and S.I. 2007/3398.

[^key-0cd24eff0db6fa3befe27dce07b4dc37]: Reg. 1 in force at 22.4.2021, see reg. 1(2)

[^key-2552b5583d422a12de947f08059ea231]: Reg. 2 in force at 22.4.2021, see reg. 1(2)

[^key-ab19761da8b5e221d64218aba7e16441]: Reg. 3 in force at 22.4.2021, see reg. 1(2)

[^key-9dd7b1efd7bb34e84c1257610fc9549b]: Reg. 4 in force at 22.4.2021, see reg. 1(2)

[^key-a6bd4723f0ce216f0c5b5552e9bc18bd]: Reg. 5 in force at 22.4.2021, see reg. 1(2)

[^key-e8b380cb09507d8f5b1d612abe942f95]: Reg. 6 in force at 22.4.2021, see reg. 1(2)

[^key-f96620cb9362f1b5f20733629bdc1acc]: Reg. 7 in force at 22.4.2021, see reg. 1(2)

[^key-9aee641184db3083404dbcabf91d7a8a]: Reg. 8 in force at 22.4.2021, see reg. 1(2)

[^key-52834f849c06b8aaf27226f72a00e6e5]: Reg. 9 in force at 22.4.2021, see reg. 1(2)

[^key-2873e1716000d7a6f55978bced78a4ec]: Reg. 10 in force at 22.4.2021, see reg. 1(2)

[^key-800fd30a74a04d34623f75c61dd6a565]: Reg. 11 in force at 22.4.2021, see reg. 1(2)

[^key-3f8b49f47b9fbe59f0548df9e7119962]: Reg. 12 in force at 22.4.2021, see reg. 1(2)

[^key-5bb50dd78cbcb6b5fb9e87b96802728d]: Reg. 13 in force at 22.4.2021, see reg. 1(2)

[^key-bd9d33444c90a23cd3ba9a2e008514b1]: Reg. 14 in force at 22.4.2021, see reg. 1(2)

[^key-7b68c77f181d20d041fa3b35bc035e57]: Reg. 15 in force at 22.4.2021, see reg. 1(2)

[^key-57152d761b9995356bf7113e198d66bc]: Reg. 16 in force at 22.4.2021, see reg. 1(2)

[^key-cf20dde762a9c0954465190b1bcb8125]: Reg. 17 in force at 22.4.2021, see reg. 1(2)

[^key-08d03074a03ba2b68c217f87b27e871b]: Reg. 18 in force at 22.4.2021, see reg. 1(2)

[^key-48135a238a1503c49ad5266cb2af9242]: Reg. 19 in force at 22.4.2021, see reg. 1(2)

[^key-fe18b234a6df31ef479ed2b8af722b17]: Reg. 20 in force at 22.4.2021, see reg. 1(2)

[^key-a00d370a0131271b61c1103cb29ab030]: Reg. 21 in force at 22.4.2021, see reg. 1(2)

[^key-d2d637f07f43d8a8388b88ee17d9c785]: Reg. 22 in force at 22.4.2021, see reg. 1(2)

[^key-7f45c31b5fc1e7ec9649b4a3459233b8]: Reg. 23 in force at 22.4.2021, see reg. 1(2)

[^key-a475a511475ea7421f6c18be9ae14d9d]: Reg. 24 in force at 22.4.2021, see reg. 1(2)

[^key-95c2b082ca994be2f8019358deafe6f5]: Reg. 25 in force at 22.4.2021, see reg. 1(2)

[^key-0cc9737bcd660a20906e3d8472f127a9]: Reg. 26 in force at 22.4.2021, see reg. 1(2)

[^key-196a1a242985af679b29d5c8c0e6e87e]: Reg. 27 in force at 22.4.2021, see reg. 1(2)

[^key-21a346c1f91dd0dca0f06b56c7dab1cd]: Reg. 28 in force at 22.4.2021, see reg. 1(2)

[^key-ebd3918995450dd5db416c0725c3d641]: Reg. 29 in force at 22.4.2021, see reg. 1(2)

[^key-f83df5d6bfd7a80b668ba697d2d81ca1]: Reg. 30 in force at 22.4.2021, see reg. 1(2)

[^key-b260e3d5ac4359c8dacdec2a97c1a2f8]: Reg. 31 in force at 22.4.2021, see reg. 1(2)

[^key-eb4ead0cbde06891b4a561ab47f9d399]: Reg. 32 in force at 22.4.2021, see reg. 1(2)

[^key-04fc75afe43b910d525cb6456ac1abab]: Reg. 33 in force at 22.4.2021, see reg. 1(2)

[^key-ab9f1162df7aa8d423dff715250e2a46]: Reg. 34 in force at 22.4.2021, see reg. 1(2)

[^key-facf9a115b94fd14237f1647352b8da4]: Reg. 35 in force at 22.4.2021, see reg. 1(2)

[^key-021241a1ad0fb20c7770adc646f29d02]: Reg. 36 in force at 22.4.2021, see reg. 1(2)

[^key-1627dc39ae52b69c01b9ec7152e02348]: Reg. 37 in force at 22.4.2021, see reg. 1(2)

[^key-220e17cd42e171c008799ac1da799263]: Reg. 38 in force at 22.4.2021, see reg. 1(2)

[^key-5e053d38a3bac9266873b88085c91b3e]: Reg. 39 in force at 22.4.2021, see reg. 1(2)

[^key-90a71739f8446f56ae4b969fafc12ac1]: Reg. 40 in force at 22.4.2021, see reg. 1(2)

[^key-16bdecb9e7994238214c3389a9f6d0f5]: Reg. 41 in force at 22.4.2021, see reg. 1(2)

[^key-b0724a65d47e5ab7fbb4417d67c164ad]: Reg. 42 in force at 22.4.2021, see reg. 1(2)

[^key-d50f7f4768593c8d425547eaf0c68148]: Reg. 43 in force at 22.4.2021, see reg. 1(2)

[^key-364b79a9a94201db7d3bf51ae665d833]: Reg. 44 in force at 22.4.2021, see reg. 1(2)

[^key-f1398116dbaf45db115bc1e28ed1064f]: Reg. 45 in force at 22.4.2021, see reg. 1(2)

[^key-271924ff1424be8f552e694cd1ef6552]: Reg. 46 in force at 22.4.2021, see reg. 1(2)

[^key-b7c8f7bf3f279d906f605c25e1a1df40]: Reg. 47 in force at 22.4.2021, see reg. 1(2)

[^key-df7d9364bad4efa34540c4845e700e65]: Reg. 48 in force at 22.4.2021, see reg. 1(2)

[^key-f3bd1aef0309c759b54453fca7ccec51]: Sch. para. 1 in force at 22.4.2021, see reg. 1(2)

[^key-1ceddd893af6a99058839a0adb096881]: Sch. para. 2 in force at 22.4.2021, see reg. 1(2)

[^key-de69608ebd30fe06294f6dfed4af4bfc]: Sch. para. 3 in force at 22.4.2021, see reg. 1(2)

[^key-7399d7ca40875526262f67fcc1de6451]: Sch. para. 4 in force at 22.4.2021, see reg. 1(2)

[^key-d569a4cdb223d536bb787d9dd25b87da]: Sch. para. 5 in force at 22.4.2021, see reg. 1(2)

[^key-fd11e3ca511a74f53b6354f604c0464b]: Sch. para. 6 in force at 22.4.2021, see reg. 1(2)

[^key-f59ecd3139977880a11109ed933490d9]: Sch. para. 7 in force at 22.4.2021, see reg. 1(2)

[^key-2ebdb265f4fb92e349de1e684b4f5d8f]: Sch. para. 8 in force at 22.4.2021, see reg. 1(2)

[^key-d13bd14861592b8af88d9f9298d5460a]: Sch. para. 9 in force at 22.4.2021, see reg. 1(2)

[^key-cccc9a6272546d90910b7af70c3ebbac]: Sch. para. 10 in force at 22.4.2021, see reg. 1(2)

[^key-55b457b1a993255d2ae8781ccbfc9793]: Sch. para. 11 in force at 22.4.2021, see reg. 1(2)

[^key-a899bfcd3d06dc4d0e711048bcd7965b]: Sch. para. 12 in force at 22.4.2021, see reg. 1(2)

[^key-da5fae5d297760e559916a730bd1438d]: Sch. para. 13 in force at 22.4.2021, see reg. 1(2)

[^key-5808a579eda7c86bf02b909061b8700a]: Sch. para. 14 in force at 22.4.2021, see reg. 1(2)

[^key-9451a9ab8fef4524fda9341e3aae7397]: Sch. para. 15 in force at 22.4.2021, see reg. 1(2)

[^key-d909f9afaf233ab385237928f170cce5]: Sch. para. 16 in force at 22.4.2021, see reg. 1(2)

[^key-f2a12cbb405a69437c958d03f1875aaa]: Sch. para. 17 in force at 22.4.2021, see reg. 1(2)

[^key-e50e407d44f9181b5dad78d68fc2e9e2]: Sch. para. 18 in force at 22.4.2021, see reg. 1(2)

[^key-7011375f2d00dd9aa439e8b3db141acd]: Word in reg. 2(1) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 4(2)(a)

[^key-bf181171c34e7a3847606dc4219df0f1]: Words in reg. 2(1) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 4(2)(b)(i)

[^key-8661338295d1a00bcd00b6b484e27056]: Word in reg. 2(1) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 4(2)(b)(ii)

[^key-fc241ff915e7731282a9ed45e8d41981]: Reg. 2(2) omitted (19.5.2021) by virtue of The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 4(3)

[^key-a3e3a4c1b3c9a8712a3b86fc5bee2390]: Words in reg. 2(1) omitted (19.5.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(2)

[^key-aca7d707513aac2e2cc28e881d0abfd5]: Reg. 6(11) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 6

[^key-835887d97dcb7ff840c84b0c7a18974b]: Reg. 7(1)(b)(c) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 7(2)

[^key-2ab037dc412c08af63d5dbab702a9392]: Words in reg. 7(2) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 7(4)(a)

[^key-dccc1cbda814fd403f2fb647656936ce]: Words in reg. 7(2) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 7(4)(b)

[^key-1063276fd42bbf0ed35fe0131cc686e5]: Reg. 7(3) omitted (19.5.2021) by virtue of The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 7(5)

[^key-d24567b1f1e7fe8e08bf4e49dc38cf91]: Words in reg. 7(4) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 7(6)

[^key-723df51cdd2bf410b627569b884385c3]: Reg. 7(1A) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 7(3)

[^key-233aee27e3384b1c031c7a51be7d8ede]: Reg. 12 substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 9

[^key-d36f575b07eb5a3be4ba0d74b2360f44]: Reg. 16(1)(ba) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 10(2)(a)

[^key-6da6fce0a087b6517a00d3099440c66f]: Reg. 16(1)(ca) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 10(2)(c)

[^key-726e5d26c124b916353475bf8c520fd3]: Word in reg. 16(1)(c) inserted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 10(2)(b)(i)

[^key-fbe701fb548de0b68399814a33306395]: Word in reg. 16(1)(c)(i) omitted (19.5.2021) by virtue of The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 10(2)(b)(ii)

[^key-c6625d9c0dbe587bc06a6cc974650282]: Words in reg. 16(2) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 10(3)

[^key-63079d5bd438410c9a9183d88190a677]: Reg. 17(2)(a) omitted (19.5.2021) by virtue of The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 11(2)(a)

[^key-b9d7cf12e5619bf827f362ad4c42b353]: Words in reg. 17(2)(g) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 11(2)(b)

[^key-3bf5b09f3455f454035d3d72ea997c5e]: Words in reg. 17(3) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 11(3)

[^key-9497032c8cc87cc941e95b9b5786536c]: Words in reg. 19(4)(c) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 12

[^key-12c6e3e682d1f68c9e7c45c6eb9ce2b0]: Words in reg. 29 substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 13

[^key-22a0e48d8ffcd2f3e7c30140eac61f01]: Words in reg. 44(5) substituted (19.5.2021) by The Recognised Auction Platforms and Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/513), regs. 1(2), 14

[^key-b8d72fe7cc12af110b82bf119451c20e]: Reg. 5(9) omitted (19.5.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(3)(b)

[^key-db7ef0908c11d07663801c79e3a453ff]: Words in reg. 5(5) omitted (19.5.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(3)(a)

[^key-42e30d3ca2c08e09fe545ff4e9760c75]: Words in reg. 9(8) omitted (19.5.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(4)

[^key-f309891b5bcb4dc6d78d81432ec540b0]: Reg. 10(1)(aa) inserted (19.5.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(5)

[^key-764aa295b69b0673228f6e1bb35e774e]: Words in Sch. para. 8 substituted (19.5.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(6)(a)

[^key-5ded34fe3b519e3894a8653ac4652deb]: Words in Sch. para. 12 substituted (19.5.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(6)(b)

[^key-8acea1e51d29bdf7a6fb1c8ebcf25e22]: Words in Sch. para. 13 substituted (19.5.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(6)(c)(i)

[^key-99287f0621cb2ecdecb6be1024ba5c7c]: Words in Sch. para. 13 omitted (19.5.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) Regulations 2021 (S.I. 2021/561), regs. 1(2), 2(6)(c)(ii)

[^key-f7f87d4a726e7c9cb7ba89318578cbbd]: Reg. 12(1)(b)(iv)(v) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 7(2)

[^key-9f4a14159b8cc228e25b7d81e4a34457]: Words in reg. 12(5) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 7(4)

[^key-2d78a376554449db585d87f787882e0c]: Words in reg. 9(1) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 4(2)(a)(i)

[^key-4486a7c5ecbdd20fe6934fffdc7bb800]: Words in reg. 9(1) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 4(2)(a)(ii)

[^key-089ec58b2533dea4ba51801732c27acf]: Reg. 9(1)(f) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 4(2)(d)

[^key-2b88dbb726de0a8a10d3b055349cc9f6]: Reg. 9(4)-(6) omitted (25.8.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 4(3)

[^key-f3899450983c7b4fec09276db4149997]: Words in reg. 36(3) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 11(2)

[^key-8c79cd07d545f24f491870e3167a7421]: Word in reg. 36(4) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 11(3)

[^key-e004d480d0cad31e8b8f3b2e11b7de8a]: Word in reg. 36(5) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 11(4)(a)

[^key-d897ab9e90bd1e0862b5ced8ec32c5c6]: Words in reg. 36(5) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 11(4)(b)

[^key-9d55b074a8f1b0dfbdde4f6442e4c708]: Words in reg. 36(5) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 11(4)(c)

[^key-f7dc67d85450883acaf38f343425bded]: Reg. 45(1)(h) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 16(2)

[^key-2f0f7df78e4a64244df6f8f7d5af6f92]: Word in reg. 45(3)(g) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 16(3)

[^key-55660f506b6e1af58b61ecfa5c9bcac5]: Reg. 45(6)(aa)-(ac) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 16(4)

[^key-17b68631b1f4f9bf1dd61dcdd858e252]: Words in reg. 45(7) omitted (25.8.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 16(5)

[^key-ea0046ad537213218546ef31db263d9d]: Words in reg. 7(4) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 3(2)

[^key-a62c43a6fabd5360491df89ab989cf03]: Reg. 37(4)(b)(ia) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 12(2)(a)

[^key-ada5abd906e1df0a11a373693ea76713]: Words in reg. 37(4)(c) omitted (25.8.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 12(2)(b)

[^key-d25b09a88e5d18cf83020e91b8a1cb71]: Reg. 39(3) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 13(3)

[^key-216313ef03a1d86b414af0e7cca0171e]: Words in reg. 39(2) omitted (25.8.2021) by virtue of The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 13(2)

[^key-c48034f4708d8e1e87c2fe618b71edd6]: Words in reg. 10(1)(b) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 5(2)

[^key-e3514c1603383c279d45176ebd641a71]: Words in reg. 40(1) inserted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 14(2)

[^key-a86d90cd8649b3e6332c799d8a45a814]: Words in reg. 40(3) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 14(3)

[^key-b6452ef6c7e3bf30375e5a75a8e9c5c6]: Words in reg. 11(1) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 6(2)

[^key-4e4fac1e85ed7bbd783b2184ea5559a3]: Word in reg. 21(5) substituted (25.8.2021) by The Greenhouse Gas Emissions Trading Scheme Auctioning (Amendment) (No. 2) Regulations 2021 (S.I. 2021/917), regs. 1(2), 8(2)