The Contracts for Difference (Allocation) Regulations 2014
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Change 1
50 Strike price bids
(1) Paragraphs (2) and (3) apply where, under the contract allocation framework, an applicant in respect of an application equivalent to the pending application (“an equivalent application”) is entitled to make a bid of strike prices before or during the contract allocation process. (2) Where this paragraph applies, the delivery body— (a) must ensure that the pending applicant is able to make bids of strike prices in respect of the pending application to the same extent as an applicant may make such bids in respect of an equivalent application; and (b) must not apply any bid (“a pending bid”) made by a pending applicant in the contract allocation process. (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) Where this paragraph applies, the delivery body must destroy a pending bid— (a) if an appeal by the pending applicant is made to the High Court or the Court of Session under regulation 47 and the court rejects the appeal; or (b) if no appeal is made under regulation 47.
50 Strike price bids
(1) Paragraphs (2) and (3) apply where, under the contract allocation framework, an applicant in respect of an application equivalent to the pending application (“an equivalent application”) is entitled to make a bid of strike prices before or during the contract allocation process. (2) Where this paragraph applies, the delivery body— (a) must ensure that the pending applicant is able to make bids of strike prices in respect of the pending application to the same extent as an applicant may make such bids in respect of an equivalent application; and (b) must not apply any bid (“a pending bid”) made by a pending applicant in the contract allocation process. (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) Where this paragraph applies, the delivery body must destroy a pending bid— (a) if an appeal by the pending applicant is made to the High Court or the Court of Session under regulation 47 and the court rejects the appeal; or (b) if no appeal is made under regulation 47.
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