Article 3 Amendment of Schedule 9 to the Proceeds of Crime Act 2002

(1)

Part 1 of Schedule 9 to the Proceeds of Crime Act 2002 (business in the regulated sector)^f1 is amended as follows.

(2)

In paragraph 1 (business in the regulated sector)—

(a)

after sub-paragraph (1)(r) insert—

“(s)
the auctioning by an auction platform of two-day spot or five-day futures, within the meanings given by Article 3 of the Emission Allowance Auctioning Regulation.”;

(b)

after sub-paragraph (8), insert—

“(9)
For the purposes of sub-paragraph (1)(s) “auction platform” means a platform on which auctions of emissions allowances are held in accordance with the Emission Allowance Auctioning Regulation.”.

(3)

In paragraph 3(1) (interpretation), at the appropriate place insert—

““the Emission Allowance Auctioning Regulation” means 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 scheme for greenhouse gas emission allowances trading within the Community;”.

Annotations

Footnotes

f1: Part 1 of Schedule 9 was substituted by S.I. 2007/3287; there are other amending instruments but none is relevant.