(1) Article 34T is amended as follows.

(2) In paragraph (1)(b) -

(a) in the opening words for "either" substitute "any of the following applies";

(b) in paragraph (i) omit the "or" at the end of the paragraph;

(c) after paragraph (ii) insert -

"(iii) in relation to allowances allocated for the 2024 or 2025 scheme year, the number of allowances allocated to the person for the scheme year exceeds the person's aviation emissions for the scheme year.".

(3) In paragraph (3) -

(a) in sub-paragraph (a) omit the "or" at the end of the sub-paragraph;

(b) in sub-paragraph (b) after "aircraft operator" insert "; or";

(c) after sub-paragraph (b) insert-

"(c) in relation to allowances allocated for the 2024 or 2025 scheme year, exceed the person's aviation emissions for the scheme year for which the allowances are allocated.".