- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The CRC Energy Efficiency Scheme (Allocation of Allowances for Payment) Regulations 2012 No. 1386
9.—(1) Payments under these Regulations must be made into a bank account nominated—
(a)for allowances, by the Secretary of State, and
(b)for fees, by the Environment Agency.
(2) Payments under these Regulations must be made—
(a)by electronic transfer from an account with a credit institution,
(b)accompanied by information which identifies the account holder making the payment, and
(3) Payment is deemed to have been made for allowances when the Secretary of State receives cleared funds.
(4) Payment is deemed to have been made for fees when the Environment Agency receives cleared funds.
(5) In this regulation “credit institution” means—
(a)an institution which has permission under Part 4 of the Financial Services and Markets Act 2000(1) to carry on the regulated activity of accepting deposits and persons authorised to carry on similar activities under the law of a country other than the United Kingdom, or
(b)an electronic money institution as defined by article 2 of Directive 2009/110/EC of the European Parliament and of the Council on the taking up, pursuit and prudential supervision of the business of electronic money institutions amending Directives 2005/60/EC and 2006/48/EC and repealing Directive 2000/46/EC(2).
O.J. No.L.267, 10.10.2009, p.7.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Draft Explanatory Memorandum sets out a brief statement of the purpose of a Draft Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Draft Statutory Instrument accessible to readers who are not legally qualified accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: