4. — Commission Regulation (EU) No 1031/2010 of 12 November 2010 on the timing…

4.

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 Text with EEA relevance · European Union

Without prejudice to paragraphs 1, 2 and 3, where a successful bidder is in default of payment one of the following shall occur: the central counterparty shall interpose to take delivery of the allowances and effect payment of the sum due to the auctioneer; the settlement agent shall apply collateral taken from the bidder to effect payment of the sum due to the auctioneer.

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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.