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The Fossil Fuel Levy (Scotland) Amendment Regulations 1996
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- 1996 No. 1512 (S. 135)
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations)
These Regulations amend the Fossil Fuel Levy (Scotland) Regulations 1996.
The purpose of the amendment is to permit the Director General of Electricity Supply (who is prescribed in the Fossil Fuel Levy (Scotland) Regulations as the person to collect payments in respect of the levy and to make payments to public electricity suppliers) to utilise a wider range of institutions for the purpose of investment of money received by the Director under the Fossil Fuel Levy (Scotland) Regulations.
The effect is to enable the Director General to invest the money in one or more of the Bank of England and (in place of the Committee of London and Scottish Bankers) any institution of the classes specified in regulation 2 of these Regulations.
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