OpenLegislation

Regulation 3 Persons who may conduct auctions pursuant to the Auctioning Regulation

(1)

For the purpose of the allocation of Phase III allowances by auction process the Treasury may appoint as auctioneer—

(a)

the Secretary of State, the Scottish Ministers, the Welsh Ministers, the Department of the Environment in Northern Ireland or any other person; or

(b)

any two or more such persons jointly.

(2)

The appointment may be made subject to such conditions (including as to fees charged) and limitations as the Treasury see fit.