# The Recognised Auction Platforms Regulations 2011, Regulation 21: Choice of settlement facilities


(1) The rules of the auction platform must permit a bidder to use whatever settlement facility that person chooses for a transaction.
(2) Paragraph (1) only applies where—
(a) such links and arrangements exist between the chosen settlement facility and any other settlement facility as are necessary to ensure the efficient and economic settlement of the transaction, and
(b) the auction platform is satisfied that the smooth and orderly functioning of the auction platform will be maintained.

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Source: https://www.legislation.gov.uk/uksi/2011/2699/regulation/21 (the official version)
Page: https://openlegislation.uk/recognised-auction-platforms-regulations-2011/regulation-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.