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arbcombo -- Auction Application Attestation Disclosure Guidance
Posted: 10 Oct 2014 16:35:26
In preparation for the November 2014 joint auction #1, California Air Resources Board (ARB) staff is providing the following information and guidance regarding updated auction application attestation requirements. ARB staff has developed guidance on the attestation disclosure, which is available here: http://www.arb.ca.gov/cc/capandtrade/guidance/guidance.htm. Effective for the November 2014 joint auction #1, California entities applying to participate in an auction must meet revised regulatory requirements related to submitting an Auction Application Attestation Disclosure, as described in Section 95912(d)(4)(E) of the Cap-and-Trade Regulation. Each auction application must include an attestation disclosing the existence and status of any ongoing investigation or an investigation that has occurred within the last ten years with respect to any alleged violation of any rule, regulation, or law associated with any commodity, securities, environmental, or financial market for the entity participating in the auction, and all other entities with whom the entity has a corporate association, direct corporate association, or indirect corporate association pursuant to section 95833 that participate in a carbon, fuel, or electricity market. In order to submit the attestation for the November 2014 joint auction #1, an applicant must complete two (2) steps. First, the applicant must provide an answer to the attestation question provided in the Auction Application or Intent to Bid process, which is completed in the Auction Platform. Second, each applicant must provide an attestation to the California Air Resources Board (ARB) including any required disclosures, any updates to previously submitted disclosures, or a statement that there are no disclosures to be made or no updates to previously submitted disclosures. An auction applicant may use the Auction Application Attestation Disclosure Form available from the ARB Auction webpage at http://www.arb.ca.gov/cc/capandtrade/auction/forms/auction_app_attestation_disclosure_form.docx to submit the required attestation disclosure. Each auction applicant must provide the required attestation to ARB at least 30 days prior to an auction in which it intends to participate. For the November 2014 joint auction #1, this date is October 20, 2014. The attestation must be updated before each auction to reflect any change in the status of an investigation that has occurred since the most recent auction application attestation was submitted. BACKGROUND: The California Cap on Greenhouse Gas Emissions and Market-Based Compliance Mechanisms Regulation (Regulation) was adopted by the California Air Resources Board in October of 2011, and formally went into effect January 1, 2012. Entities subject to the Regulation will have a compliance obligation for their greenhouse gas emissions beginning on January 1, 2013. The Regulation was amended in early 2013 to link the California and Québec programs beginning January 1, 2014. If you have any questions related to the Cap-and-Trade Program, please visit “Contact Us” at http://www.arb.ca.gov/cc/capandtrade/contacts/capandtrade_contacts.htm. For more information on the California Cap-and-Trade Program, please go to: http://www.arb.ca.gov/cc/capandtrade/capandtrade.htm. California is in a drought emergency. Visit www.SaveOurH2O.org for water conservation tips. You are receiving this single arbcombo email because you are a subscriber to or have made a public comment to one or more of the following lists: capandtrade, cc, ghg-rep.
