# 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 system for greenhouse gas emission allowances trading within the Union (Text with EEA relevance) (revoked) EU Regulation No 1031/2010 ยท adopted 12 November 2010 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 system for greenhouse gas emission allowances trading within the Union (Text with EEA relevance) ## Introductory text 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 system for greenhouse gas emission allowances trading within the Union (Text with EEA relevance) (revoked) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter I: GENERAL PROVISIONS ## 1 Subject matter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 Scope . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter II: THE DESIGN OF THE AUCTIONS ## 4 Auctioned products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 Auction format . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 Submission and withdrawal of bids . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 Auction clearing price and resolution of tied bids . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter III: AUCTION CALENDAR ## 8 Timing and frequency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 Circumstances preventing the conduct of auctions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 Annual volumes of the auctioned allowances covered by Chapter III of Directive 2003/87/EC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 Calendar for individual auctions of allowances covered by Chapter III of Directive 2003/87/EC auctioned by auction platforms appointed pursuant to Article 26(1) of this Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 Annual volumes of auctioned allowances covered by Chapter II of Directive 2003/87/EC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 Calendar for individual auctions of allowances covered by Chapter II of Directive 2003/87/EC auctioned by auction platforms appointed pursuant to Article 26(1) of this Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 Adjustments of the auction calendar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter IV: ACCESS TO THE AUCTIONS ## 15 Persons who may submit bids directly in an auction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 Means of access . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 Training and helpline . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 Persons eligible to apply for admission to bid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 Requirements for admission to bid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 20 Submission and processing of applications for admission to bid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 21 Refusal, revocation or suspension of admission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter V: APPOINTMENT OF THE AUCTIONEER AND ITS FUNCTIONS ## 22 Appointment of the auctioneer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 23 The auctioneer's functions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter VI: APPOINTMENT OF THE AUCTION MONITOR AND ITS FUNCTIONS ## 24 Auctioning of allowances for the Innovation Fund and the Modernisation Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 25 Procedure for cancellation of allowances pursuant to Article 12(4) of Directive 2003/87/EC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter VII: APPOINTMENT OF AN AUCTION PLATFORM BY MEMBER STATES PARTICIPATING IN A JOINT ACTION WITH THE COMMISSION AND ITS FUNCTIONS ## 26 Appointment of an auction platform through joint action of the Member States with the Commission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 27 Functions of the auction platform appointed pursuant to Article 26(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 28 Functions of the auction platform appointed pursuant to Article 26(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 29 Services provided to the Commission by the auction platforms appointed pursuant to Article 26(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter VIII: APPOINTMENT OF AUCTION PLATFORMS BY MEMBER STATES OPTING TO HAVE THEIR OWN AUCTION PLATFORM AND THEIR FUNCTIONS ## 30 Appointment of any auction platform other than an auction platform appointed pursuant to Article 26(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 31 Functions of auction platforms other than the auction platforms appointed pursuant to Article 26(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 32 Auction calendar for any auction platform other than the auction platforms appointed pursuant to Article 26(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 33 Review of this Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter IX: APPOINTMENT REQUIREMENTS APPLICABLE TO THE AUCTIONEER AND ANY AUCTION PLATFORM ## 34 Appointment requirements applicable to the auctioneer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 35 Appointment requirements applicable to any auction platform . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter X: REPORTING ON TRANSACTIONS ## 36 Obligation to report transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 37 Definitions for market abuse regime applicable to auctioned products other than financial instruments within the meaning of Article 1(3) of Directive 2003/6/EC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 38 Prohibition of insider dealing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 39 Other prohibited uses of inside information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 40 Other persons covered by the prohibition of inside dealing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 41 Prohibition of market manipulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 42 Specific requirements to mitigate the risk of market abuse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 43 Supervision and enforcement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter XI: PAYMENT AND TRANSFER OF THE AUCTION PROCEEDS ## 44 Payment by successful bidders and transfer of proceeds to the Member States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 45 Consequences of late or non-payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter XII: DELIVERY OF THE AUCTIONED ALLOWANCES ## 46 Transfer of the auctioned allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 47 Delivering the auctioned allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 48 Late delivery of the auctioned allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter XIII: MANAGEMENT OF COLLATERAL ## 49 Collateral given by the bidder . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 50 Collateral given by the auctioneer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter XIV: FEES AND COSTS ## 51 Structure and level of fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 52 Costs of the auction process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter XV: AUCTION SURVEILLANCE, REMEDIAL MEASURES AND SANCTIONS ## 53 Monitoring of auctions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 54 Monitoring the relationship with bidders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 55 Notification of money laundering, terrorist financing or criminal activity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 56 Notification of market abuse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 57 Maximum bid-size and other remedial measures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 58 Market conduct rules or any other contractual arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 59 Conduct rules for other persons authorised to bid on behalf of others pursuant to Article 18(1)(b) and (c) and Article 18(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter XVI: TRANSPARENCY AND CONFIDENTIALITY ## 60 Publication . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 61 Announcement and notification of the auction results . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 62 Protection of confidential information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 63 Language regime . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Chapter XVII: FINAL PROVISIONS ## 64 Right of appeal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 65 Correction of errors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 66 Entry into force . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Signature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Annex I Template for the notification of voluntary cancellation by a Member State under Article 12(4) of Directive 2003/87/EC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Annex II: List of the elements referred to in Article 20(3) ## 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Annex III Auction platforms other than those appointed pursuant to Article 26(1), their appointing Member States and any applicable conditions or obligations referred to in Article 30(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ## Annex IV Adjustments to the volumes of allowances (in million) to be auctioned in 2013-2020 referred to in Article 10(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . --- Source: https://www.legislation.gov.uk/eur/2010/1031 (the official version) Page: https://openlegislation.uk/eu-regulation-2010-1031 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.