SCHEDULES
SCHEDULE 2Trading schemes
Part 1Schemes limiting activities
Allocation of allowances
5
1
The regulations may provide for the allocation among the participants of allowances representing the right to carry on a specified amount of the activities in a trading period.
2
The regulations may set a limit on—
a
the total amount of the activities for a trading period, and
b
the total amount of the allowances to be allocated for the period.
3
The regulations may specify the method of allocation or provide for it to be determined in accordance with the regulations.
4
The regulations may not provide for allowances to be allocated in return for consideration.