# The Vehicle Emissions Trading Schemes (Amendment) (No. 2) Order 2025, Article 19: Amendment of article 46 (banking VRTS allowances)


In article 46, in paragraph (1)—
(a) after sub-paragraph (b) insert—
“(ba) traded in accordance with article 57A during the trading window following the scheme year of allocation or the trading window following any of the three subsequent scheme years, by that VRTS participant or by a VRTS participant which acquires the VRTS allowance through trading in accordance with article 57;
(bb) exchanged for CRTS credits in accordance with article 23A during the trading window following the scheme year of allocation or the trading window following any of three subsequent years, by that participant or by a VRTS participant which acquires the VRTS allowance through trading in accordance with article 57;”;
(b) for sub-paragraph (c) substitute—
“(c) exchanged for VCTS allowances in accordance with article 67 during the trading window following the scheme year of allocation, or the trading window following any of the three subsequent years, by that participant or by a VRTS participant which acquires the VRTS allowance through trading in accordance with article 57.”.

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Source: https://www.legislation.gov.uk/uksi/2025/1101/article/19 (the official version)
Page: https://openlegislation.uk/vehicle-emissions-trading-schemes-amendment-no-2-order-2025/article-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.