Commission Delegated Regulation (EU) 2023/2830

means affiliate undertaking as defined in Article 2, point (12), of Directive 2013/34/EU;

means any public or private entity appointed to carry out the tasks referred to in Articles 27, 28, 30 and 31;

means the process encompassing the setting of the auction calendar, the procedures for admission to bid, the procedures for submission of bids, the conduct of the auction, the calculation and announcement of the auction results, the arrangements for payment of the price due and transfer of auction proceeds, delivery of the allowances and management of the collateral needed to cover any transaction risks, as well as the surveillance and monitoring of the proper conduct of the auctions by an auction platform;

means any public or private entity appointed to carry out the tasks referred to in Article 23;

means beneficial owner as defined in Article 3, point (6), of Directive (EU) 2015/849;

means an offer in an auction to acquire a given volume of allowances at a specified price;

means the time period during which bids may be submitted;

means an entity that interposes either directly between an auctioneer and a bidder or its successor in title, or between intermediaries representing them, and acts as the exclusive counterparty to each of them guaranteeing the payment of the auction proceeds to the auctioneer or an intermediary representing it or the delivery of the auctioned allowances to the bidder or an intermediary representing it;

means all processes taking place before the opening of the bidding window, during the bidding window and after the closing of the bidding window until settlement, and involving the management of any risks arising during that interval, including during margining, netting, or novation, or any other services, possibly carried out by a clearing or settlement system;

means an infrastructure connected to the auction platform that provides clearing, margining, netting, management of collateral, settlement and delivery, and any other services, carried out by a central counterparty that is accessed either directly or indirectly through members of the central counterparty who act as intermediaries between their clients and the central counterparty;

means collateral security as defined in Article 2, point (m), of Directive 98/26/EC of the European Parliament and of the Council, including any allowances accepted as security by the clearing system or settlement system;

means the auction platform appointed following a joint procurement procedure between the Commission and the Member States, as contracting authorities, pursuant to Article 26(1)

means control as referred to in Article 3(2) and (3) of Council Regulation No 139/2004;

means credit institution as defined in Article 4(1), point (1), of Regulation (EU) No 575/2013 of the European Parliament and of the Council;

means criminal activity as defined in Article 3, point (4), of Directive (EU) 2015/849;

means the customer due diligence measures as referred to in Article 13 of Directive (EU) 2015/849 and the enhanced customer due diligence measures as set out in Articles 18, 18a and 20 of that Directive;

means an authentic copy of an original document that is certified as being a true copy of the original by a qualified lawyer, accountant, notary public or similar professional who is recognised under the national law of the Member State concerned to attest officially as to whether a copy is in fact a true copy of its original;

means one or more documents that are determined in accordance with the contracts appointing the auction platform concerned and that set out detailed measures planned to ensure the following:

means financial instrument as defined in Article 4(1), point (15), of Directive 2014/65/EU;

means inside information as defined in Article 7 of Regulation (EU) No 596/2014;

means insider dealing as defined in Article 8 of Regulation (EU) No 596/2014;

means investment firm as defined in Article 4(1), point (1), of Directive 2014/65/EU;

means the process by which collateral is pledged by an auctioneer or a bidder, or one or more intermediaries acting on their behalf, to cover a given financial position, encompassing the entire process of measuring, calculating and administering the collateral put up to cover such financial positions, and which is intended to ensure that all payment commitments of a bidder and all delivery commitments of an auctioneer or one or more intermediaries acting on their behalf can be met within a very short period of time;

means market abuse as defined in Article 1 of Regulation (EU) No 596/2014;

means market manipulation as defined in Article 12 of Regulation (EU) No 596/2014;

means market operator as defined in Article 4(1), point (18), of Directive 2014/65/EU;

means any of the following:

means money laundering as defined in Article 1(3), (4) and (6) of Directive (EU) 2015/849 of the European Parliament and of the Council;

means a bank account designated by an auctioneer, a bidder or bidder’s successor in title for the receipt of payments due under this Regulation;

means an account in the Union Registry established by Delegated Regulation (EU) 2019/1122;

means the auction platform appointed by a Member State not participating in the joint action as provided in Article 26(1), as its own auction platform, pursuant to Article 29(1)

means parent undertaking as defined in Article 2, point (9), of Directive 2013/34/EU of the European Parliament and of the Council;

means politically exposed person as defined in Article 3, point (9), of Directive (EU) 2015/849;

means regulated market as defined in Article 4(1), point (21), of Directive 2014/65/EU;

means the market in which persons buy or sell allowances either before or after they are allocated either free of charge or through auctioning;

means payment by a successful bidder or its successor in title, or by a central counterparty or a settlement agent of the sum due for allowances to be delivered to that bidder or its successor in title or to a central counterparty or a settlement agent, and delivery of the allowances to the successful bidder or its successor in title, or to the central counterparty or the settlement agent;

means an entity acting as an agent providing accounts to the auction platform, through which accounts instructions for the transfer of the auctioned allowances given by the auctioneer or an intermediary representing it and for the payment of the auction clearing price by a successful bidder, its successor in title or an intermediary representing them are safely executed either simultaneously or nearly simultaneously in a guaranteed manner;

means any infrastructure, whether or not connected to the auction platform, that provides settlement services, which include clearing, netting, management of collateral, or any other services and which ultimately enable the payment of the sum due by a successful bidder or its successor in title to an auctioneer, and the delivery of allowances on behalf of an auctioneer to a successful bidder or its successor in title, where those services are carried out through either of the following:

means subsidiary undertaking as defined in Article 2, point (10), of Directive 2013/34/EU;

means terrorist financing as defined in Article 1(5) and (6) of Directive (EU) 2015/849;

means any day during which an auction platform and the clearing system or settlement system connected to it are open for trading;

means contracts by which allowances are auctioned for delivery at an agreed date no later than the second trading day following the day of the auction;

means unlawful disclosure of inside information as defined in Article 10 of Regulation (EU) No 596/2014;