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Article 18 CRTS credits: general

Original text. Later amendments are not shown.

(1)

A CRTS participant may acquire a CRTS credit in accordance with articles 19, 20 and 23.

(2)

Where its 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.

(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 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 23, the administrator must update the registry accordingly.