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SCHEDULES

SCHEDULE 2U.K.Trading schemes

Part 1U.K.Schemes limiting activities

TradingU.K.

9(1)The regulations must provide for the participants in a trading scheme to trade in any allowances or credits under the scheme.U.K.

(2)The regulations may also provide for trading in the allowances or credits by third parties authorised in accordance with the regulations.

(3)The regulations must specify the circumstances in which trading is permitted.

(4)The regulations may require trading to be notified to the administrator of the trading scheme.