- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
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Scottish Statutory Instruments
Companies
Made
25th November 2020
Coming into force
26th November 2020
The Scottish Ministers make the following Order in exercise of the powers conferred by section 483(1) and (4) of the Companies Act 2006(1) and of all other powers enabling them to do so.
In accordance with section 483(2) of the Companies Act 2006, it appears to Scottish Ministers that Scottish National Investment Bank p.l.c. is entirely or substantially funded from a body having accounts falling within paragraph (a) or (b) of section 483(3) of that Act.
In accordance with section 483(5) of that Act, a draft of the Order has been laid before and approved by resolution of the Scottish Parliament.
1.—(1) This Order may be cited as the Companies Act 2006 (Scottish public sector companies to be audited by the Auditor General for Scotland) Order 2020 and comes into force on the day after it is made.
(2) In this Order “the Company” means Scottish National Investment Bank p.l.c., a public limited company bearing company number SC677431 and having its registered office at St. Andrews House, 2 Regent Road, Edinburgh, United Kingdom, EH1 3DG
2. The accounts of the Company are to be audited by the Auditor General for Scotland.
3. The requirements of Part 16 of the Companies Act 2006 as to audit of accounts do not apply to the Company for a financial year if its accounts are in that year to be audited by the Auditor General for Scotland.
JAMIE HEPBURN
Authorised to sign by the Scottish Ministers
St Andrew’s House,
Edinburgh
25th November 2020
(This note is not part of the Order)
Article 2 of this Order provides that Scottish National Investment Bank p.l.c., being a company with a registered office in Scotland, is to have its accounts audited by the Auditor General for Scotland. Article 3 provides that that company will be exempt from the auditing of company accounts requirements of Part 16 of the Companies Act 2006.
Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
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Policy Note sets out a brief statement of the purpose of a Scottish Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Scottish Statutory Instrument accessible to readers who are not legally qualified and accompany any Scottish Statutory Instrument or Draft Scottish Statutory Instrument laid before the Scottish Parliament from July 2012 onwards. Prior to this date these type of notes existed as ‘Executive Notes’ and accompanied Scottish Statutory Instruments from July 2005 until July 2012.
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