60.1. The sale by mutual agreement takes place in a single round, using sealed offers.
The emission units are put on sale in lots of 1,000 units of the same category.
During a sale by mutual agreement, an emitter’s account representative may submit more than 1 offer, in Canadian dollars and in the form and using the procedure set out in the notice published in accordance with the second paragraph of section 57, indicating the number of lots requested in each category.
When the total offers submitted by a purchaser exceed the quantity of emission units put on sale or the purchaser’s holding limit determined in accordance with sections 32 and 33 or exceed the value of the financial guarantee submitted in accordance with subparagraph 3 of the first paragraph of section 59, the Minister removes from the purchaser’s offers the quantity of excess lots, beginning with the offers made at the lowest price.
O.C. 1184-2012, s. 38; O.C. 1138-2013, s. 18.