These Regulations are made in exercise of the powers conferred by section 96 of the Finance Act 2020 (c. 14).
These Regulations amend the Greenhouse Gas Emissions Trading Scheme Auctioning Regulations 2021 (S.I. 2021/484), which provide for the auctioning of allowances created for the purposes of the UK Emissions Trading Scheme, to clarify the criteria applicable to representatives of those eligible to apply to bid for allowances under those Regulations and to correct a number of other minor errors.
Source: HMSO.