UK Act of Parliament 2020 c. 3 United Kingdom

Scottish National Investment Bank Act 2020

Read the Act on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Plus 4 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

What it requires

Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.005 Balanced scorecard (opens in a new tab) Regulated
Other duties (1) — Crown / regulator
  • Scottish National Investment Bank must prepare and update a balanced scorecardCrown / Minister / Government department
s.013 Gender equality strategy (opens in a new tab) Regulated
Other duties (1) — Crown / regulator
  • Prepare and maintain a gender equality strategyCrown / Minister / Government department
s.020 Report on gender equality strategy (opens in a new tab) Regulated
Other duties (1) — Crown / regulator
  • The Bank must report on gender equality strategy every 2 yearsCrown / Minister / Government department
s.023 Fair work direction (opens in a new tab) Regulated
Other duties (1) — Crown / regulator
  • Scottish Ministers must issue a fair work direction to the BankCrown / Minister / Government department
32 other provisions — procedural and definitional
s.001 Duty to establish the Bank (opens in a new tab)
s.002 The Bank's vision (opens in a new tab)
s.003 The Bank's objects (opens in a new tab)
s.004 Ethical investment standards (opens in a new tab)
s.006 General powers (opens in a new tab)
s.007 Borrowing powers (opens in a new tab)
s.008 Ownership (opens in a new tab)
s.009 Directors: appointment (opens in a new tab)
s.010 Directors: tenure (opens in a new tab)
s.011 Remuneration (opens in a new tab)
s.012 Committees (opens in a new tab)
s.014 Entrenched provisions (opens in a new tab)
s.015 Setting missions (opens in a new tab)
s.016 Requirement to consult in relation to missions (opens in a new tab)
s.017 Proposals from the Bank about its missions (opens in a new tab)
s.018 Report on strategic missions (opens in a new tab)
s.019 Report on investment performance (opens in a new tab)
s.021 Review of performance (opens in a new tab)
s.022 Equal pay review (opens in a new tab)
s.024 Power to capitalise (opens in a new tab)
s.025 Requirement to get State aid approval before significant capitalisation (opens in a new tab)
s.026 Power to finance (opens in a new tab)
s.027 Requirement to get State aid approval for financing (opens in a new tab)
s.028 Meaning of State aid rules (opens in a new tab)
s.029 Advisory group (opens in a new tab)
s.030 Exercise of power to appoint non-executive directors (opens in a new tab)
s.031 Procedure for modifying entrenched provisions (opens in a new tab)
s.032 Application of public bodies legislation (opens in a new tab)
s.033 Meaning of references to the Bank and subsidiaries (opens in a new tab)
s.034 Ancillary provision (opens in a new tab)
s.035 Commencement (opens in a new tab)
s.036 Short title (opens in a new tab)

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.