{
  "url": "https://openlegislation.uk/vehicle-emissions-trading-schemes-order-2023/article-26",
  "json_url": "https://openlegislation.uk/vehicle-emissions-trading-schemes-order-2023/article-26.json",
  "legislation": "uksi/2023/1394",
  "legislation_title": "The Vehicle Emissions Trading Schemes Order 2023",
  "legislation_url": "https://openlegislation.uk/vehicle-emissions-trading-schemes-order-2023",
  "path": "article/26",
  "kind": "article",
  "number": "26",
  "heading": "Trading CRTS credits with CRTS participants: SPV car manufacturers",
  "text": "(1) An SPV car manufacturer may trade CRTS credits acquired by it under article 21 or 22 with a CRTS participant in accordance with paragraphs (2) and (3).\n(2) An SPV car manufacturer may only trade a CRTS credit under this article during the trading window following the scheme year for which the CRTS credit was acquired by the SPV car manufacturer.\n(3) A trade under this article must comply with paragraphs (2) to (5) of article 25, as if references to a CRTS participant in those paragraphs (except for the reference in paragraph (3)(b)) include an SPV car manufacturer.\n(4) Where a trade is notified in accordance with article 25(3), the administrator must update the registry and notify the parties to the trade accordingly.\n(5) Unless the administrator is satisfied that notification of a trade has been given in accordance with this article, the trade is treated as not having taken place.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in art. 26(1) inserted (1.1.2026) by The Vehicle Emissions Trading Schemes (Amendment) (No. 2) Order 2025 (S.I. 2025/1101), arts. 1(1), 13(3)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Art. 26(2) substituted (1.1.2026) by The Vehicle Emissions Trading Schemes (Amendment) (No. 2) Order 2025 (S.I. 2025/1101), arts. 1(1), 13(4)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in art. 26(3) substituted (1.1.2026) by The Vehicle Emissions Trading Schemes (Amendment) (No. 2) Order 2025 (S.I. 2025/1101), arts. 1(1), 13(5)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in art. 26 heading inserted (1.1.2026) by The Vehicle Emissions Trading Schemes (Amendment) (No. 2) Order 2025 (S.I. 2025/1101), arts. 1(1), 13(2)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 26 in force at 3.1.2024, see art. 1(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2023/1394/article/26",
    "retrieved_at": "2026-10-28T21:36:47.782670+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."
}