The Vehicle Emissions Trading Schemes Order 2023
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Change 1
72 Expiry of VCTS allowances
The administrator must record in the registry the expiry of a VCTS allowance, including a VCTS allowance which has been traded in accordance with article 69, which is— (a) surrendered by a VCTS participant; (b) not surrendered in accordance with article 70 for the scheme year for which it was allocated under article 66 or for which it was acquired under article 67 (conversion of unused VRTS allowances into VCTS allowances); or (c) converted into VRTS credits in accordance with article 55.
72 Expiry of VCTS allowances
The administrator must record in the registry the expiry of a VCTS allowance, including a VCTS allowance which has been traded in accordance with article 69, which is— (a) surrendered by a VCTS participant; (b) not surrendered in accordance with article 70 for the scheme year for which it was allocated under article 66 or for which it was acquired under article 67 (conversion of unused VRTS allowances into VCTS allowances); or (c) converted into VRTS credits in accordance with article 55.
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