{
  "url": "https://openlegislation.uk/draft-vehicle-emissions-trading-schemes-order-2023/article-62",
  "json_url": "https://openlegislation.uk/draft-vehicle-emissions-trading-schemes-order-2023/article-62.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/62",
  "kind": "article",
  "number": "62",
  "heading": "Expiry of VRTS allowances and VRTS credits",
  "text": "(1) The administrator must record in the registry the expiry of a VRTS allowance, including a VRTS allowance which has been traded in accordance with article 57, which is—\n(a) surrendered by a VRTS participant in accordance with article 59;\n(b) not surrendered by a VRTS participant for—\n(i) the scheme year for which it was allocated;\n(ii) any of the three subsequent scheme years; or\n(iii) a scheme year earlier than the scheme year for which it was due to be allocated, in accordance with article 47 (borrowing VRTS allowances);\n(c) not surrendered by a former VRTS participant in accordance with article 61(5)(a); or\n(d) converted into VCTS allowances in accordance with article 67.\n(2) The administrator must record in the registry the expiry of a VRTS credit, including a VRTS credit which has been traded in accordance with article 57 or 58, which is—\n(a) surrendered by a VRTS participant in accordance with article 59; or\n(b) not surrendered by a VRTS participant for the scheme year for which the credit was acquired.",
  "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/62",
    "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."
}