# The Vehicle Emissions Trading Schemes Order 2023, Article 50: VRTS credits: general


(1) A VRTS participant may acquire a VRTS credit in accordance with articles 51, 52 and 55.
(2) Where it acquires a VRTS credit for a scheme year, a VRTS participant may—
(a) surrender that VRTS credit for that scheme year in accordance with article 59; or
(b) trade that credit in accordance with article 57 during the trading window following that scheme year.
(3) An SPV van manufacturer may acquire a VRTS credit in accordance with article 53 or 54.
(4) An SPV van manufacturer may trade a credit acquired for a scheme year in accordance with article 58 during the trading window following that scheme year.
(5) Where a VRTS participant or an SPV van manufacturer acquires a VRTS credit in accordance with articles 51 to 55, the administrator must update the registry accordingly.

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Source: https://www.legislation.gov.uk/ukdsi/2023/9780348252453/article/50 (the official version)
Page: https://openlegislation.uk/draft-vehicle-emissions-trading-schemes-order-2023/article-50
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.