Article 24A Bidding in emissions auctionsF1

United Kingdom

(1)

The reception, transmission or submission of a bid at an auction of an investment of the kind specified by article 82A conducted—

(a)

on a recognised auction platform F2in accordance with the UK auctioning regulations, or

(b)

on F3an auction platform which has been appointed under the emission allowance auctioning regulation F4in accordance with that regulation,

is a specified kind of activity.

(2)

An activity which falls within paragraph (1) (or would do so but for the exclusions in article 24B) does not form part of any other activity specified under any other article of this Order.

(3)

In this article, “recognised auction platform” has the meaning given in regulation 1(3) of the Recognised Auction Platform Regulations 2011.

Annotations

Textual amendments

F1: Pt. 2 Ch. 5A inserted (20.7.2012) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2012 (S.I. 2012/1906), arts. 1, 2(3)
F2: Words in art. 24A(1)(a) inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 3(3)(a)
F3: Word in art. 24A(1)(b) substituted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 3(3)(b)(i)
F4: Words in art. 24A(1)(b) inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 3(3)(b)(ii)