2.
Until implementation of the legal measures and technical means necessary to deliver the allowances, Member States shall auction allowances in the form of either futures or forwards. Futures or forwards shall be auctioned in accordance with Article 11(1), Article 32 and Annex I. When auctioning futures or forwards, the delivery of the allowances may be deferred to a date no later than 31 December 2013.
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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.