Regulation 30 Requirements applicable to contract allocation frameworksF6I1

F1A contract allocation framework must ensure that, in respect of an allocation round to which it applies, F2the contract allocation process included in the framework complies with the following paragraphs.

Except in respect of a CFD notification which is required to be made further to Part 8—

Subject to paragraph (2)(b), where minima apply to an allocation round and the value of qualifying applications to which the minima apply is less than or equal to the minima, the contract allocation process must result in—

Where maxima apply to an allocation round, the contract allocation process must result in the value of successful applications to which such maxima apply not exceeding the maxima.

Subject to paragraph (2)(b), for those applications where maxima do not apply or the maxima are not exceeded, the contract allocation process must result in—

Except for those applications which become successful applications further to paragraph (3) or (5), the contract allocation process must include a competitive process (or more than one) which when complied with by the delivery body enables the delivery body to determine—

The administrative strike price applicable to a qualifying application must be the maximum final strike price which may apply to that application.

The contract allocation process must apply to each qualifying application.

Paragraphs (2) and (4) are subject to regulation 11(4A).