Article 26 Trading CRTS credits: SPV car manufacturers

An SPV car manufacturer may trade CRTS credits acquired by it under article 21 or 22 in accordance with paragraphs (2) and (3).

During the trading window following the scheme year for which a CRTS credit was acquired by an SPV car manufacturer, the SPV car manufacturer may trade the CRTS credit by way of disposing of it to a CRTS participant.

A trade under paragraph (2) 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.

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.

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.