1.

The auction platform appointed pursuant to Article 26(1) shall provide the following services to the Member States as more particularly delineated in the contract appointing it: providing access to the auctions, pursuant to Articles 15 to 21, including the provision and maintenance of the necessary internet-based electronic interfaces and website; conducting the auctions in accordance with Articles 4 to 7; managing the auction calendar in accordance with Articles 8 to 14; announcing and notifying the results of an auction, pursuant to Article 61; providing, or ensuring through sub-contracting the provision of, the requisite clearing system or settlement system needed for: the handling of payments made by successful bidders or their successors in title and distribution of the proceeds of the auctions to the auctioneer, pursuant to Articles 44 and 45; delivering the auctioned allowances to successful bidders or their successors in title, pursuant to Articles 46, 47 and 48; managing collateral including any margining, provided by the auctioneer or bidders, pursuant to Articles 49 and 50; providing the auction monitor with any information relating to the conduct of the auctions, required for the carrying out of the auction monitor’s functions, pursuant to Article 53; supervising the auctions, notifying suspicions of money laundering, terrorist financing, criminal activity or market abuse, administering any required remedial measures or sanctions including the provision of an extra-judicial dispute resolution mechanism, pursuant to Articles 44 to 59 and Article 64(1).

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Source: EUR-Lex (Cellar) · retrieved 2026-10-30 · Text as adopted (Official Journal); later amendments are not incorporated in this text.