The Vehicle Emissions Trading Schemes Order 2023
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Change 1
26 Trading CRTS credits with CRTS participants: SPV car manufacturers
(1) An SPV car manufacturer may trade CRTS credits acquired by it under article 21 or 22 with a CRTS participant in accordance with paragraphs (2) and (3). (2) An SPV car manufacturer may only trade a CRTS credit under this article during the trading window following the scheme year for which the CRTS credit was acquired by the SPV car manufacturer. (3) A trade under this article must comply with paragraphs (2) to (5) of article 25, as if references to a CRTS participant in those paragraphs (except for the reference in paragraph (3)(b)) include an SPV car manufacturer. (4) Where a trade is notified in accordance with article 25(3), the administrator must update the registry and notify the parties to the trade accordingly. (5) Unless the administrator is satisfied that notification of a trade has been given in accordance with this article, the trade is treated as not having taken place.
26 Trading CRTS credits with CRTS participants: SPV car manufacturers
(1) An SPV car manufacturer may trade CRTS credits acquired by it under article 21 or 22 with a CRTS participant in accordance with paragraphs (2) and (3). (2) An SPV car manufacturer may only trade a CRTS credit under this article during the trading window following the scheme year for which the CRTS credit was acquired by the SPV car manufacturer. (3) A trade under this article must comply with paragraphs (2) to (5) of article 25, as if references to a CRTS participant in those paragraphs (except for the reference in paragraph (3)(b)) include an SPV car manufacturer. (4) Where a trade is notified in accordance with article 25(3), the administrator must update the registry and notify the parties to the trade accordingly. (5) Unless the administrator is satisfied that notification of a trade has been given in accordance with this article, the trade is treated as not having taken place.
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