# The Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021, Regulation 29: Transfer of the auctioned allowances


Allowances auctioned by the auction platform must be transferred by the registry administrator prior to the opening of a bidding window, into a nominated holding account, to be held in escrow by the clearing system or settlement system acting as custodian, until delivery of the allowances to successful bidders or their successors in title, pursuant to the results of the auction, as provided for in the Trading Scheme Order.

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Source: https://www.legislation.gov.uk/ukdsi/2021/9780348220049/regulation/29 (the official version)
Page: https://openlegislation.uk/draft-greenhouse-gas-emissions-trading-scheme-auctioning-regulations-2021/regulation-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.