# The Community Emissions Trading Scheme (Allocation of Allowances for Payment) (Amendment) Regulations 2008, Regulation 5: Amendment of the Community Emissions Trading Scheme (Allocation of Allowances for Payment) Regulations 2008


Regulation 7 (allocation following review) of the principal Regulations is amended as follows.
(1) For paragraph (1) substitute the following—
“(1) Where following an auction an account holder requests a review—
(a) under regulation 13 and the decision of the Treasury in respect of that review is to allocate allowances to an account holder,
(b) of a specified decision under the Scheme and the decision of the person conducting an auction in respect of that review is to allocate allowances to an account holder,
the account holder must pay the auction clearing price for those allowances.”
(2) At the end of paragraph (2) add “or by the person conducting the auction.”
(3) In paragraph (4)—
(a) after “the Environment Agency must transfer” omit “the number of allowances”,
(b) after “Party holding account to the”, omit “account holder’s”,
(c) after “nominated holding account” omit “as is specified by the Treasury in their decision under regulation 13” and add “the number of allowances allocated following the review”.
(4) In paragraphs (5) and (6) after “and the Treasury” insert “or the person conducting the auction”.
(5) After paragraph (6) add “(7) In paragraph (1) “specified decision” means such decision of the person conducting the auction as is specified in the Scheme”.

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Source: https://www.legislation.gov.uk/uksi/2008/1939/regulation/5 (the official version)
Page: https://openlegislation.uk/community-emissions-trading-scheme-allocation-of-allowances-for-payment-amendment-regulations-2008/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.