The Vehicle Emissions Trading Schemes (Amendment) (No. 2) Order 2025
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Change 1
18 Amendment of article 35 (conversion of unused CRTS allowance into CCTS allowances)
In article 35, in paragraph (1)— (a) at the beginning of the opening words, insert “During a trading window,”; (b) for sub-paragraph (a) substitute— (a) the participant's number of units of activity in the CRTS in a scheme year, measured in accordance with article 24, does not exceed the sum of— (i) the number of CRTS allowances which were allocated to the participant in accordance with article 13 for that year; and (ii) the number of any CRTS allowances which were banked by the participant in accordance with article 14 and were available for it to use at the beginning of the trading window; .
18 Amendment of article 35 (conversion of unused CRTS allowance into CCTS allowances)
In article 35, in paragraph (1)— (a) at the beginning of the opening words, insert “During a trading window,”; (b) for sub-paragraph (a) substitute— (a) the participant's number of units of activity in the CRTS in a scheme year, measured in accordance with article 24, does not exceed the sum of— (i) the number of CRTS allowances which were allocated to the participant in accordance with article 13 for that year; and (ii) the number of any CRTS allowances which were banked by the participant in accordance with article 14 and were available for it to use at the beginning of the trading window; .
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