Potential bidders must also fulfill admission requirements as set out in the EU Auctioning Regulation3 as well as the exchange rules of EEX. These are:
- Admission requirements according to EU rules4:
- Establishment in the EU (except for compliance buyers)
- Nominated registry account
- Nominated bank account
- Appointment of at least one bidder's representative
- Technical arrangements to give effect to a maximum bid-size (if necessary)
- Compliance with respective exchange requirements
- EEX requirements for admission:
- Liable equity of at least EUR 50,000*
- Evidence of personal reliability and professional qualification
- Admission of at least one trader, incl. EEX trader examination **
- Technical arrangements for trading** and settlement
- Recognition as a trading participant by ECC (clearing house)
- Conclusion of an agreement with a clearing member of ECC
*Not required for "auction-only" membership at EEX
** Not required for "auction-only" membership at EEX, if bidding via EEX Market Operations
3Reference: Article 19 Auctioning Regulation
4Reference: Article 19(2) Auctioning Regulation