(e)
providing, pursuant to the arrangements in place in the secondary market organised by the auction platform, except that Article 40 shall apply in any case, as modified in the contract appointing it, the clearing system or settlement system needed for the: handling of payments made by bidders or their successors in title and the distribution of the proceeds of the auctions to the auctioneer; delivering auctioned allowances to successful bidders or their successors in title; managing collateral, including any margining, provided by the auctioneer or bidders;
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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.