{
  "url": "https://openlegislation.uk/draft-vehicle-emissions-trading-schemes-order-2023/article-29",
  "json_url": "https://openlegislation.uk/draft-vehicle-emissions-trading-schemes-order-2023/article-29.json",
  "legislation": "ukdsi/2023/9780348252453",
  "legislation_title": "The Vehicle Emissions Trading Schemes Order 2023",
  "legislation_url": "https://openlegislation.uk/draft-vehicle-emissions-trading-schemes-order-2023",
  "path": "article/29",
  "kind": "article",
  "number": "29",
  "heading": "Banked or borrowed CRTS allowances of former CRTS participants",
  "text": "(1) This article applies to a person who—\n(a) was a CRTS participant, or a member of a pool CRTS participant, for a scheme year;\n(b) is no longer a CRTS participant or a member of a pool CRTS participant for the subsequent scheme year; and\n(c) has banked CRTS allowances standing in their name in the registry or has not yet accounted for borrowed CRTS allowances in accordance with article 15.\n(2) In this article, a person described in paragraph (1) is referred to as a “former CRTS participant”, and the first scheme year for which the person no longer participates in the CRTS, as described in paragraph (1)(b), is referred to as the “first non-participation scheme year”.\n(3) A former CRTS participant may dispose of a banked CRTS allowance referred to in paragraph (1)(c) through trading in accordance with article 25 during the trading window which follows the first non-participation scheme year, as if references in that article to a CRTS participant (except for the reference in paragraph (3)(b)) include the former CRTS participant.\n(4) A former CRTS participant must account for a borrowed CRTS allowance referred to in paragraph (1)(c) in accordance with article 15 before the end of the trading window which follows the first non-participation scheme year.\n(5) A former CRTS participant may comply with the obligation in paragraph (4) by—\n(a) surrendering a banked CRTS allowance;\n(b) acquiring a CRTS allowance or CRTS credit during the trading window which follows the first non-participation scheme year through trading in accordance with article 25 or 26, as if references in those articles to a CRTS participant include the former CRTS participant, and surrendering that allowance or credit; or\n(c) making a payment in accordance with article 28.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2023/9780348252453/article/29",
    "retrieved_at": "2026-10-30T14:42:41.441882+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}