Common use of Conclusions and actions Clause in Contracts

Conclusions and actions. Based on the above rationale, all Regulatory Authorities request an amendment to the CRIDA proposal. This amendment should contain the following elements: 1. To coordinate the CRIDA proposal with the Algorithm proposal and in particular: i. to delete any explicit reference the PCR and XBID projects; ii. to clarify if the CRIDA algorithm is the same as the Day Ahead algorithm; iii. to clarify which back-up procedures, fallback procedures, price limits, and governance should apply to CRIDA. 2. To coordinate the CRIDA proposal with the Product proposal and, in particular, to delete any reference to the actual timeframe considered for the market time unit. 3. To coordinate the CRIDA proposal with the IDCZCP proposal and in particular: i. to provide justifications for the proposed fragmentation of the continuous trading; ii. to clarify whether the first CRIDA and the first ▇▇▇ coincide; iii. to harmonize the second CRIDA and the second ▇▇▇; 4. To coordinate the CRIDA proposal with the IDCZGOT proposal and in particular: i. to make reference to the GOTs set forth in the IDCZGOT amended proposal; ii. to explain how multiple GOTs proposed in CRIDA are compatible with the request for amendment on IDCZGOT; iii. to assess the impact on market liquidity of splitting continuous trading in different sessions. 5. To substitute in Article 3(2) the word “auction” with the word “auctions”, since the CRIDA proposal involves two auctions and in Article 4(7) the reference at “Article 3.6” with the reference at “Article 4.6”.