# The Community Emissions Trading Scheme (Allocation of Allowances for Payment) Regulations 2012, Regulation 2: Interpretation


In these Regulations—
“allowances” means Community tradeable emissions allowances;
“auction platform” has the same meaning as in the Auctioning Regulation;
“auction process” has the meaning given in Article 3(16) of the Auctioning Regulation;
“auctioneer” has the meaning given in Article 3(20) of the Auctioning Regulation;
“the Auctioning Regulation” means Commission Regulation (EU) No. 1031/2010 of 12 November 2010 on the timing, administration and other aspects of auctioning of greenhouse gas emission allowances pursuant to Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowances trading within the Community ;
“the Directive” means Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowances trading within the Community ;
“emissions” has the meaning given in Article 3(b) of the Directive ;
“Phase II allowances” means allowances which are valid for surrender against emissions occurring before 1st January 2013, and which have not been surrendered before 14th November 2012; and
“Phase III allowances” means allowances under Chapter II (aviation) or Chapter III (stationary installations) of the Directive which are valid for surrender against emissions occurring on or after 1st January 2013.

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Source: https://www.legislation.gov.uk/uksi/2012/2661/regulation/2 (the official version)
Page: https://openlegislation.uk/community-emissions-trading-scheme-allocation-of-allowances-for-payment-regulations-2012/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.