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62.—(1) The administrator must record in the registry the expiry of a VRTS allowance, including a VRTS allowance which has been traded in accordance with article 57, which is—
(a)surrendered by a VRTS participant in accordance with article 59;
(b)not surrendered by a VRTS participant for—
(i)the scheme year for which it was allocated;
(ii)any of the three subsequent scheme years; or
(iii)a scheme year earlier than the scheme year for which it was due to be allocated, in accordance with article 47 (borrowing VRTS allowances);
(c)not surrendered by a former VRTS participant in accordance with article 61(5)(a); or
(d)converted into VCTS allowances in accordance with article 67.
(2) The administrator must record in the registry the expiry of a VRTS credit, including a VRTS credit which has been traded in accordance with article 57 or 58, which is—
(a)surrendered by a VRTS participant in accordance with article 59; or
(b)not surrendered by a VRTS participant for the scheme year for which the credit was acquired.
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