# The Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021, Regulation 31: Late delivery of the auctioned allowances


(1) Where the clearing system or settlement system fails to deliver the whole or part of the auctioned allowances due to circumstances outside its control, the clearing system or settlement system must deliver the allowances at the earliest opportunity and the successful bidders must accept delivery at that later date.
(2) The remedy provided for in paragraph (1) is the sole remedy to which a successful bidder or its successor in title is entitled to in case of any failure to deliver auctioned allowances, due to circumstances outside the control of the clearing system or settlement system concerned.

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Source: https://www.legislation.gov.uk/ukdsi/2021/9780348220049/regulation/31 (the official version)
Page: https://openlegislation.uk/draft-greenhouse-gas-emissions-trading-scheme-auctioning-regulations-2021/regulation-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.