Search Legislation

Advanced Search

Commission Regulation (EU) No 1031/2010Show full title

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 system for greenhouse gas emission allowances trading within the Union (Text with EEA relevance)

Help about what version

What Version

Help about UK-EU Regulation

Legislation originating from the EU

When the UK left the EU, legislation.gov.uk published EU legislation that had been published by the EU up to IP completion day (31 December 2020 11.00 p.m.). On legislation.gov.uk, these items of legislation are kept up-to-date with any amendments made by the UK since then.

Close

This item of legislation originated from the EU

Legislation.gov.uk publishes the UK version. EUR-Lex publishes the EU version. The EU Exit Web Archive holds a snapshot of EUR-Lex’s version from IP completion day (31 December 2020 11.00 p.m.).

Changes to legislation:

There are outstanding changes not yet made to Commission Regulation (EU) No 1031/2010. Those changes will be listed when you open the content using the Table of Contents below. Any changes that have already been made to the legislation appear in the content and are referenced with annotations. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.

View outstanding changes

Changes and effects yet to be applied to :

  • Regulation revoked by 2023 c. 28 Sch. 1 Pt. 2
  • Regulation revoked by S.I. 2019/107 reg. 137 (This amendment not applied to legislation.gov.uk. S.I. 2019/107 revoked immediately before IP completion day by S.I. 2020/1369, regs. 1(2), 43(a))

  1. Introductory Text

  2. CHAPTER I GENERAL PROVISIONS

    1. Article 1.Subject matter

    2. Article 2.Scope

    3. Article 3.Definitions

  3. CHAPTER II THE DESIGN OF THE AUCTIONS

    1. Article 4.Auctioned products

    2. Article 5.Auction format

    3. Article 6.Submission and withdrawal of bids

    4. Article 7.Auction clearing price and resolution of tied bids

  4. CHAPTER III AUCTION CALENDAR

    1. Article 8.Timing and frequency

    2. Article 9. Circumstances preventing the conduct of auctions

    3. Article 10.Annual volumes of the auctioned allowances covered by Chapter III of Directive 2003/87/EC

    4. Article 11. Calendar for individual auctions of allowances covered by Chapter III of Directive 2003/87/EC auctioned by auction platforms appointed pursuant to Article 26(1) of this Regulation

    5. Article 12. Annual volumes of auctioned allowances covered by Chapter II of Directive 2003/87/EC

    6. Article 13. Calendar for individual auctions of allowances covered by Chapter II of Directive 2003/87/EC auctioned by auction platforms appointed pursuant to Article 26(1) of this Regulation

    7. Article 14.Adjustments of the auction calendar

  5. CHAPTER IV ACCESS TO THE AUCTIONS

    1. Article 15. Persons who may submit bids directly in an auction

    2. Article 16.Means of access

    3. Article 17. Training and helpline

    4. Article 18.Persons eligible to apply for admission to bid

    5. Article 19.Requirements for admission to bid

    6. Article 20.Submission and processing of applications for admission to bid

    7. Article 21.Refusal, revocation or suspension of admission

  6. CHAPTER V APPOINTMENT OF THE AUCTIONEER AND ITS FUNCTIONS

    1. Article 22.Appointment of the auctioneer

    2. Article 23. The auctioneer's functions

  7. CHAPTER VI APPOINTMENT OF THE AUCTION MONITOR AND ITS FUNCTIONS

    1. Article 24. Auctioning of allowances for the Innovation Fund and the Modernisation Fund

    2. Article 25. Procedure for cancellation of allowances pursuant to Article 12(4) of Directive 2003/87/EC

  8. CHAPTER VII APPOINTMENT OF AN AUCTION PLATFORM BY MEMBER STATES PARTICIPATING IN A JOINT ACTION WITH THE COMMISSION AND ITS FUNCTIONS

    1. Article 26.Appointment of an auction platform through joint action of the Member States with the Commission

    2. Article 27.Functions of the auction platform appointed pursuant to Article 26(1)

    3. Article 28. Functions of the auction platform appointed pursuant to Article 26(2)

    4. Article 29. Services provided to the Commission by the auction platforms appointed pursuant to Article 26(1)

  9. CHAPTER VIII APPOINTMENT OF AUCTION PLATFORMS BY MEMBER STATES OPTING TO HAVE THEIR OWN AUCTION PLATFORM AND THEIR FUNCTIONS

    1. Article 30. Appointment of any auction platform other than an auction platform appointed pursuant to Article 26(1)

    2. Article 31. Functions of auction platforms other than the auction platforms appointed pursuant to Article 26(1)

    3. Article 32. Auction calendar for any auction platform other than the auction platforms appointed pursuant to Article 26(1)

    4. Article 33. Review of this Regulation

  10. CHAPTER IX APPOINTMENT REQUIREMENTS APPLICABLE TO THE AUCTIONEER AND ANY AUCTION PLATFORM

    1. Article 34. Appointment requirements applicable to the auctioneer

    2. Article 35.Appointment requirements applicable to any auction platform

  11. CHAPTER X REPORTING ON TRANSACTIONS

    1. Article 36. Obligation to report transactions

    2. Article 37. Definitions for market abuse regime applicable to auctioned products other than financial instruments within the meaning of Article 1(3) of Directive 2003/6/EC

    3. Article 38. Prohibition of insider dealing

    4. Article 39. Other prohibited uses of inside information

    5. Article 40. Other persons covered by the prohibition of inside dealing

    6. Article 41. Prohibition of market manipulation

    7. Article 42. Specific requirements to mitigate the risk of market abuse

    8. Article 43. Supervision and enforcement

  12. CHAPTER XI PAYMENT AND TRANSFER OF THE AUCTION PROCEEDS

    1. Article 44.Payment by successful bidders and transfer of proceeds to the Member States

    2. Article 45.Consequences of late or non-payment

  13. CHAPTER XII DELIVERY OF THE AUCTIONED ALLOWANCES

    1. Article 46. Transfer of the auctioned allowances

    2. Article 47.Delivering the auctioned allowances

    3. Article 48.Late delivery of the auctioned allowances

  14. CHAPTER XIII MANAGEMENT OF COLLATERAL

    1. Article 49.Collateral given by the bidder

    2. Article 50.Collateral given by the auctioneer

  15. CHAPTER XIV FEES AND COSTS

    1. Article 51.Structure and level of fees

    2. Article 52.Costs of the auction process

  16. CHAPTER XV AUCTION SURVEILLANCE, REMEDIAL MEASURES AND SANCTIONS

    1. Article 53. Monitoring of auctions

    2. Article 54. Monitoring the relationship with bidders

    3. Article 55. Notification of money laundering, terrorist financing or criminal activity

    4. Article 56.Notification of market abuse

    5. Article 57.Maximum bid-size and other remedial measures

    6. Article 58. Market conduct rules or any other contractual arrangements

    7. Article 59.Conduct rules for other persons authorised to bid on behalf of others pursuant to Article 18(1)(b) and (c) and Article 18(2)

  17. CHAPTER XVI TRANSPARENCY AND CONFIDENTIALITY

    1. Article 60.Publication

    2. Article 61.Announcement and notification of the auction results

    3. Article 62.Protection of confidential information

    4. Article 63.Language regime

  18. CHAPTER XVII FINAL PROVISIONS

    1. Article 64. Right of appeal

    2. Article 65.Correction of errors

    3. Article 66.Entry into force

  19. Signature

    1. ANNEX I

      Template for the notification of voluntary cancellation by a Member State under Article 12(4) of Directive 2003/87/EC

    2. ANNEX II

      List of the elements referred to in Article 20(3)

      1. 1. Proof of eligibility pursuant to Article 18(1) or (2).

      2. 2. The applicant’s name, address, telephone and facsimile numbers.

      3. 3. The account identifier of the applicant’s nominated holding account.

      4. 4. Full details of the applicant’s nominated bank account.

      5. 5. The name, address, telephone and facsimile numbers, as well as...

      6. 6. For legal persons, proof of:

      7. 7. For legal persons and/or legal arrangements, such information as is...

      8. 8. For natural persons, proof of their identity, by means of...

      9. 9. For operators, the permit referred to in Article 4 of...

      10. 10. For aircraft operators, proof of their being listed pursuant to...

      11. 11. Such information as is required to carry out the customer...

      12. 12. The applicant’s latest audited annual report and accounts including the...

      13. 13. The VAT registration number, if any, and, where the applicant...

      14. 14. A statement that, to the best of the applicant’s knowledge,...

      15. 15. Proof of compliance with the requirements of Article 19(2)(g).

      16. 16. Proof that the applicant satisfies the requirements of Article 19(3)....

      17. 17. A statement that the applicant has the necessary legal capacity...

      18. 18. A statement that to the best of the applicant’s knowledge...

      19. 19. A statement of whether the applicant proposes to pay in...

    3. ANNEX III

      Auction platforms other than those appointed pursuant to Article 26(1), their appointing Member States and any applicable conditions or obligations referred to in Article 30(7)

    4. ANNEX IV

      Adjustments to the volumes of allowances (in million) to be auctioned in 2013-2020 referred to in Article 10(2)

      1. . . . . . . . . . ....

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As adopted by EU): The original version of the legislation as it stood when it was first adopted in the EU. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as adopted version that was used for the EU Official Journal
  • lists of changes made by and/or affecting this legislation item
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Timeline of Changes

This timeline shows the different versions taken from EUR-Lex before exit day and during the implementation period as well as any subsequent versions created after the implementation period as a result of changes made by UK legislation.

The dates for the EU versions are taken from the document dates on EUR-Lex and may not always coincide with when the changes came into force for the document.

For any versions created after the implementation period as a result of changes made by UK legislation the date will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. For further information see our guide to revised legislation on Understanding Legislation.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as adopted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources