The Milk Marketing Board (Residuary Functions) (Amendment) Regulations 2001

Explanatory Note

(This note is not part of the Regulations)

These Regulations amend, with effect from 30th November 2001, the Milk Marketing Board (Residuary Functions) Regulations 1994 (“the principal Regulations”) so as to facilitate the winding-up of the affairs of the residuary Milk Marketing Board (“the Board”) (as anticipated by regulation 28 of the principal Regulations).

These Regulations—

(a) introduce amendments to regulation 28 of the principal Regulations so as to allow the Board to proceed to a winding-up where sums it has distributed in accordance with its obligations remain unclaimed (regulation 3);

(b) with effect from the day after the making of an Order under section 14(5) of the Agriculture Act 1993 dissolving the Board, transfer any remaining property, rights or liabilities of the Board to the Secretary of State for Environment, Food and Rural Affairs (regulation 4), for the purposes initially of holding any distributed assets that remain unclaimed and for discharging any outstanding liabilities, but after a period to be determined, and further to consultation with relevant persons or organisations, of distributing them to registered eligible producers or transferring them to such final destination as the Secretary of State may consider appropriate (regulations 5, 6, 7 and 8).

No Regulatory Impact Assessment has been prepared in respect of these Regulations.