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

Extent: E+W+S+N.I.

Allowances auctioned by the auction platform must be transferred by the UK ETS authority 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 ....

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Source: https://www.legislation.gov.uk/uksi/2021/484/regulation/29 (the official version)
Page: https://openlegislation.uk/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.