The Vehicle Emissions Trading Schemes Order 2023
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Change 1
18 CRTS credits: general
(1) A CRTS participant may acquire a CRTS credit in accordance with articles 19, 20 , 23 to 23B, 57A and 58A. (2) Where it acquires a CRTS credit for a scheme year, a CRTS participant may— (a) surrender that CRTS credit for that scheme year in accordance with article 27; or (b) trade the credit in accordance with article 25 during the trading window following that scheme year , unless the credit was acquired by the CRTS participant in accordance with article 23, 23A, 23B, 57A or 58A. (3) An SPV car manufacturer may acquire a CRTS credit in accordance with article 21 or 22. (4) An SPV car manufacturer may trade a credit acquired for a scheme year in accordance with article 26 or 26A during the trading window following that scheme year. (5) Where a CRTS participant or an SPV car manufacturer acquires a CRTS credit in accordance with articles 19 to 23B, the administrator must update the registry accordingly (see also the requirement for the administrator to update the registry in articles 57A(7) and 58A(8)).
18 CRTS credits: general
(1) A CRTS participant may acquire a CRTS credit in accordance with articles 19, 20 , 23 to 23B, 57A and 58A. (2) Where it acquires a CRTS credit for a scheme year, a CRTS participant may— (a) surrender that CRTS credit for that scheme year in accordance with article 27; or (b) trade the credit in accordance with article 25 during the trading window following that scheme year , unless the credit was acquired by the CRTS participant in accordance with article 23, 23A, 23B, 57A or 58A. (3) An SPV car manufacturer may acquire a CRTS credit in accordance with article 21 or 22. (4) An SPV car manufacturer may trade a credit acquired for a scheme year in accordance with article 26 or 26A during the trading window following that scheme year. (5) Where a CRTS participant or an SPV car manufacturer acquires a CRTS credit in accordance with articles 19 to 23B, the administrator must update the registry accordingly (see also the requirement for the administrator to update the registry in articles 57A(7) and 58A(8)).
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