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.U.K.
(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.