Article 55B VRTS credits: conversion of CRTS credits by a VRTS participant which is also an SPV car manufacturerF1
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.
A request under paragraph (1)—
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
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.
A VRTS credit acquired in accordance with this article may not be traded under article 57.
Annotations
Textual amendments
- F1
Art. 55B inserted (1.1.2026) by The Vehicle Emissions Trading Schemes (Amendment) (No. 2) Order 2025 (S.I. 2025/1101), arts. 1(1), 25