Part 3The Trading Schemes
Chapter 2The Non-Zero-Emission Car CO2 Trading Scheme (CCTS)
Accounting for activity in the CCTS38
1
For each scheme year, and no later than 31st December of the year following a scheme year, a CCTS participant must account for each unit of its activity during the scheme year, measured in accordance with article 36, by surrendering a CCTS allowance.
2
The administrator must update the registry to record the surrender of CCTS allowances.