Chapter 1 The Non-Zero-Emission Car Registration Trading Scheme (CRTS)

United Kingdom

1. 9Interpretation of Chapter 1
2. 10Activity to which the CRTS applies and unit of measurement of activity
3. 11Participants in the CRTS
4. 12CRTS allowances and limits on CRTS allowances and CRTS activity
5. 13Allocation of CRTS allowances
6. 14Banking CRTS allowances
7. 15Borrowing CRTS allowances
8. 16Banked allowances: pool CRTS participants
9. 17Borrowed allowances: pool CRTS participants
10. 18CRTS credits: general
11. 19CRTS credits: registration of ZE SPVs (CRTS participants)
12. 20CRTS credits: car clubs (CRTS participants)
13. 21CRTS credits: registration of ZE SPVs (SPV car manufacturers)
14. 22CRTS credits: car clubs (SPV car manufacturers)
15. 23CRTS credits: conversion of unused CCTS allowances
16. 23ACRTS credits: conversion of unused VRTS allowances by a CRTS participant which is also a VRTS participant
17. 23BCRTS credits: conversion of VRTS credits by a CRTS participant which is also an SPV van manufacturer
18. 24Measuring activity in the CRTS
19. 25Trading CRTS allowances and credits: CRTS participants
20. 25ATrading CRTS allowances with VRTS participants
21. 26Trading CRTS credits with CRTS participants: SPV car manufacturers
22. 26ATrading CRTS credits with VRTS participants: SPV car manufacturers
23. 27Accounting for activity in the CRTS
24. 28Payments: CRTS
25. 29Banked or borrowed CRTS allowances of former CRTS participants
26. 30Expiry of CRTS allowances and CRTS credits