{
  "url": "https://openlegislation.uk/vehicle-emissions-trading-schemes-amendment-no-2-order-2025/article-25",
  "json_url": "https://openlegislation.uk/vehicle-emissions-trading-schemes-amendment-no-2-order-2025/article-25.json",
  "legislation": "uksi/2025/1101",
  "legislation_title": "The Vehicle Emissions Trading Schemes (Amendment) (No. 2) Order 2025",
  "legislation_url": "https://openlegislation.uk/vehicle-emissions-trading-schemes-amendment-no-2-order-2025",
  "path": "article/25",
  "kind": "article",
  "number": "25",
  "heading": "Insertion of article 55B (VRTS credits: conversion of CRTS credits by a VRTS participant which is also an SPV car manufacturer)",
  "text": "After article 55A (as inserted by article 24 of this Order), insert—\n“VRTS credits: conversion of CRTS credits by a VRTS participant which is also an SPV car manufacturer\n55B (1) During a trading window, a VRTS participant which is also an SPV car manufacturer may acquire one VRTS credit in exchange for two and a half CRTS credits by making a request to the administrator.\n(2) A request under paragraph (1)—\n(a) must be made during the trading window following the scheme year for which the participant intends to surrender the VRTS credits to which the request relates; and\n(b) may be for the exchange of a part of a CRTS credit but may not be for the exchange of a part which is smaller than one tenth of a CRTS credit.\n(3) A VRTS credit acquired in accordance with this article may not be traded under article 57.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2025/1101/article/25",
    "retrieved_at": "2026-10-28T21:10:40.330205+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."
}