Article 58 Trading VRTS credits with VRTS participants: SPV van manufacturersF4I1

An SPV van manufacturer may trade VRTS credits acquired by it under article 53 or 54 F1with a VRTS participant in accordance with paragraphs (2) and (3).

An SPV car manufacturer may only trade a VRTS credit under this article during the trading window following the scheme year for which the VRTS credit was acquired by the SPV van manufacturer.

A trade under F3this article must comply with paragraphs (2) to (5) of article 57, as if the references to a VRTS participant in those paragraphs (with the exception of the reference in paragraph (3)(b)) include an SPV van manufacturer.

Where a trade is notified in accordance with article 57(3), the administrator must update the registry and notify the parties to the trade accordingly.

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.