Regulatory AlertsCP21/6: Regulating bidding for Emissions Allowances under the UK Emissions Trading Scheme
The Financial Conduct Authority proposes regulatory changes to authorize and supervise firms bidding for emission allowances under the new UK Emissions Trading Scheme. These amendments reinstate and adapt FCA Handbook provisions and UK Market Abuse Regulation technical standards previously deleted following Brexit to ensure continuity with the EU ETS regime. The consultation seeks feedback on these rules to establish the necessary framework before the first UK ETS auctions commence in the second quarter of 2021.
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