FSA Issues Consultation Paper on Auctioning of Greenhouse Gas Emission Allowances
July 25, 2011
In response to the introduction of the Commission Auction Regulation, the EU's new carbon emission allowance auctioning regime, the FSA has issued a consultation paper to propose changes to the Recognised Investment Changes and Recognised Clearing House sourcebook and Fees.
The key change suggested is the introduction of the Recognised Auction Platform regime, which will form the framework for the authorisation and supervision of auction platforms auctioning emission allowances.
Any comments on the proposals should be sent to the FSA no later than 18 September 2011. The FSA then expects to finalise the proposals in the consultation paper in December and will eventually publish a Policy Statement.