Variations to Market Rules
The purpose of the Catchment Market Rules is to govern the operation of Catchment Markets. The Market Rules enable Market Participants to understand their rights and responsibilities and provide a robust and transparent mechanism to facilitate investment in Nature-based Projects and trading the Environmental Services generated by these Projects.
Variations to Market Rules that currently apply in participating Markets
| Market | Rule | Variation |
|---|---|---|
| Bristol Avon Catchment Market | 1.4.2 b) Market Registration Requirements Credit Buyer. | Addition of Rule 1.4.2 b) iii |
| Somerset Catchment Market | 1.4.1 c) | Does not apply |
| Somerset Catchment Market | 1.4.2 c) | Does not apply. Eligibility to buy P Reduction Credits in Market Round 1 of the Somerset Catchment Market requires buyers of Credits to demonstrate a regulatory requirement for credits by providing a copy of their Nutrient Budget Calculator and a planning reference. Credit Investors will not be able to buy Nutrient Credits. |