Source: http://www.legislation.gov.uk/ukpga/2008/31/schedules/enacted
Timestamp: 2013-05-22 22:26:59
Document Index: 299547256

Matched Legal Cases: ['art 21', 'art 1', 'art 72', 'art 2', 'art 2', 'art 246', 'art 1', 'art 2', 'art 3', 'art 4']

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Status:This is the original version (as it was originally enacted).SCHEDULESSection 5SCHEDULE 1Provision to be made in articles of association of reclaim fundExpenses1(1)The articles of association of a reclaim fund must make provision—
No distribution to members2The articles of association of a reclaim fund must make provision preventing a distribution, including a distribution on winding up, of any of its income or assets to its members (except as allowed for by provision made by virtue of paragraph 1).
Publication of information3(1)The articles of association of a reclaim fund must make provision requiring it to publish, as soon as possible after the end of each financial year of the fund—
Section 15SCHEDULE 2Amendments to the Financial Services and Markets Act 2000Amendments to Part 21(1)Schedule 2 (regulated activities) is amended as follows.
“Part 1ARegulated activities: reclaim funds9AActivities of reclaim funds(1)The matters with respect to which provision may be made under section 22(1) in respect of activities include, in particular, any of the activities of a reclaim fund.
Amendments to Part 72After section 106 there is inserted—
“106AReclaim fund business transfer scheme(1)A scheme is a reclaim fund business transfer scheme if, under the scheme, the whole or part of the business carried on by a reclaim fund is to be transferred to one or more other reclaim funds.
3In section 107 (application for order sanctioning transfer scheme), in subsection (1), for “or a banking business transfer scheme” there is substituted “, a banking business transfer scheme or a reclaim fund business transfer scheme”.4(1)Section 111 (sanction of the court for business transfer schemes) is amended as follows.
5In Schedule 12, after Part 2 there is inserted—“Part 2AReclaim fund business transfer schemesCertificate as to financial resources9AFor the purposes of section 111(2) the appropriate certificate, in relation to a reclaim fund business transfer scheme, is a certificate given by the Authority certifying that, taking the proposed transfer into account, the transferee possesses, or will possess before the scheme takes effect, adequate financial resources.”
Amendments to Part 246(1)Section 359 (administration order) is amended as follows.
7After section 369 there is inserted—“369AReclaim funds: service of petition etc on Authority(1)If a person other than the Authority presents a petition for the winding up of an authorised reclaim fund, the petitioner must serve a copy of the petition on the Authority.
Section 16SCHEDULE 3Further provision about the functions of the Big Lottery FundPart 1Strategic plansStrategic plans for England1(1)If the Secretary of State instructs it to do so, the Big Lottery Fund shall—
Strategic plans for Wales2(1)If the Welsh Ministers instruct it to do so, the Big Lottery Fund shall—
Strategic plans for Scotland3(1)If the Scottish Ministers instruct it to do so, the Big Lottery Fund shall—
Strategic plans for Northern Ireland4(1)If instructed to do so by the Department of Finance and Personnel in Northern Ireland (“the Department”), the Big Lottery Fund shall—
Part 2Delegation etcDelegation to other bodies or persons, or to committees5(1)The Big Lottery Fund may appoint any other body or person to exercise on its behalf any of its dormant account functions—
Interpretation of paragraph 56(1)In paragraph 5—
Provision supplementing paragraph 57(1)The Big Lottery Fund may make payments in respect of expenditure (which may include expenditure of a capital nature) of a body or person to whom it delegates a function under paragraph 5(1).
New functions for existing devolved expenditure committees8(1)The functions of the committee established under paragraph 7(1)(a) of Schedule 4A to the National Lottery etc. Act 1993 (c. 39) are to include exercising the functions of the Big Lottery Fund under this Act in relation to English expenditure.
Part 3Reports and accountsAnnual reports9(1)As soon as possible after the end of every financial year, the Big Lottery Fund shall prepare a report on the exercise during that year of its functions under this Act.
Accounts10(1)The Big Lottery Fund shall—
11In Schedule 4A to the National Lottery etc. Act 1993 (c. 39) (the Big Lottery Fund), in sub-paragraph (1) of paragraph 21 (accounts)—(a)in paragraph (a), after “records” there is inserted “relating to the exercise of its functions under this Act”;
Part 4Miscellaneous powersPower to solicit applications12(1)The Big Lottery Fund has power to solicit applications from other bodies or persons for dormant account money.