SCHEDULES
SCHEDULE 2Trading schemes
Part 2Schemes encouraging activities
Certificates
17
1
The regulations must provide for the issue of certificates evidencing the carrying on of the activities in a trading period.
2
The regulations may provide for certificates to evidence the carrying on of the activities—
a
by the participant in question,
b
by another participant in the trading scheme, or
c
by a third party authorised in accordance with the regulations to obtain certificates for the purposes of the scheme.
3
The regulations must require each participant to have enough certificates at the end of each trading period to comply with the participant's obligations under the trading scheme.
4
The regulations must contain provision for ensuring that certificates used by a participant for that purpose cannot be used by the participant for any other purpose.
5
The regulations—
a
may provide for the expiry of certificates after such period as may be specified in or determined in accordance with the regulations;
b
may enable certificates to be cancelled by a person by whom they are held instead of being used for the purposes of a trading scheme.