European Commission 12 November 2010, 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

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Commission Regulation (EU) No 1031/2010 establishes the framework for auctioning greenhouse gas emission allowances under Directive 2003/87/EC, aiming to enhance economic efficiency and predictability in the emissions trading scheme. Key provisions include mandatory auctioning of allowances not allocated for free, the establishment of a common auction platform to prevent market distortions, and detailed procedures for auction management and participant eligibility. The regulation applies to auctions starting from January 2012 and 2013 for different chapters of the Directive, ensuring compliance with anti-money laundering measures and facilitating access for small and medium-sized enterprises.AI