What changed, Commission Regulation (EU) No 1031/2010 of 12 November 2010 on the timing, administration and other aspects of…

+ 5. The volume of allowances covered by Chapter III of Directive 2003/87/EC to be auctioned in 2020 shall also include the volume of 50 million unallocated allowances from the market stability reserve referred to in the second subparagraph of Article 10a(8) of that Directive. Those allowances shall b…
+ 
+ ### Article 23 — The auctioneer's functions
− ### Article 23 — The auctioneer’s functions
+ 1. The auctioneer shall carry out the following functions:
− The auctioneer shall:
+ 2. The auctioneer of each Member State auctioning allowances pursuant to Article 10(5) shall receive the auction proceeds from those allowances on an auctioneer's nominated bank account designated by it no later than 1 October 2019 for the receipt of payments due under Article 10(5). The auctioneer …
+ 
+ 2. Pursuant to paragraph 1 the auction platform shall announce at least the following results of each auction:
− 2. The announcement made pursuant to paragraph 1 shall at least include the following:
+ 3. At the same time as the auction platform announces the results of each auction pursuant to points (a) and (b) of paragraph 2, the auction platform shall notify each successful bidder bidding through its systems:
− 3. At the same time as the announcement pursuant to paragraph 1, the auction platform shall notify each successful bidder bidding through its systems:
+ (d) the date by which the payment due must be paid in cleared funds into the auctioneer's nominated bank account.
− (d) the date by which the payment due must be paid in cleared funds into the auctioneer’s nominated bank account.
+ | ▼M7 |  |  |
+ | **Auction platforms appointed by Germany** |  |  |
+ | 5 | Auction platform | European Energy Exchange AG (EEX) |
+ |  | Legal Basis | Article 30(1) |
+ |  | Term of appointment | From 5 January 2019 at the earliest for a maximum period of five years until 4 January 2024, without prejudice to the second subparagraph of Article 30(5). |
+ |  | Conditions | Admission to the auctions shall not be dependent on becoming a member of or a participant in the secondary market organised by EEX or of any other trading place operated by EEX or by any third party. |
+ |  | Obligations | 1. Within two months from 5 January 2019, EEX shall submit its exit strategy to Germany. The exit strategy shall be without prejudice to the obligations of EEX laid down in the contract with the Commission and the Member States concluded pursuant to Article 26 and the rights of th…