# The Vehicle Emissions Trading Schemes Order 2023, Article 30: Expiry of CRTS allowances and CRTS credits


(1) The administrator must record in the registry the expiry of a CRTS allowance, including a CRTS allowance which has been traded in accordance with article 25, which is—
(a) surrendered by a CRTS participant in accordance with article 27;
(b) not surrendered by a CRTS participant for—
(i) the scheme year for which it was allocated;
(ii) any of the three subsequent scheme years; or
(iii) a scheme year earlier than the scheme year for which it was due to be allocated, in accordance with article 15 (borrowing CRTS allowances);
(c) not surrendered by a former CRTS participant in accordance with article 29(5)(a); or
(d) converted into CCTS allowances in accordance with article 35.
(2) The administrator must record in the registry the expiry of a CRTS credit, including a CRTS credit which has been traded in accordance with article 25 or 26, which is—
(a) surrendered by a CRTS participant in accordance with article 27; or
(b) not surrendered by a CRTS participant for the scheme year for which the credit was acquired.

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Source: https://www.legislation.gov.uk/ukdsi/2023/9780348252453/article/30 (the official version)
Page: https://openlegislation.uk/draft-vehicle-emissions-trading-schemes-order-2023/article-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.