2005 No. 2061
GOVERNMENT TRADING FUNDS
The Medicines and Healthcare Products Regulatory Agency Trading Fund (Amendment) Order 2005
Made 21st July 2005
Coming into force 1st September 2005

Whereas—
1 the Medicines and Healthcare Products Regulatory Agency Trading Fund Order 2003 established under the Government Trading Funds Act 1973 (“the 1973 Act”) a trading fund to be known as the Medicines and Healthcare Products Regulatory Agency Trading Fund (“the Fund”);
S.I. 2003/1076.
1973 c. 63.
2 it appears to the Secretary of State for Health (“the Secretary of State”) that—
(a) the additional operations of the Department of Health described in article 3 of this Order (being operations for which she is responsible) (“the additional operations”) are suitable to be financed by means of a trading fund established under the 1973 Act and, in particular, to be so managed, in conjunction with the other operations of the Fund, so that the revenue of the Fund would consist principally of receipts in respect of goods or services provided in the course of the operations in question; and
(b) the financing of the additional operations by means of a trading fund would be in the interests of the improved efficiency and effectiveness of the management of those operations; and
(c) the operations of the Fund should be extended to include the additional operations;
3 it appears to the Secretary of State that certain of the existing operations of the Fund are no longer suitable to be financed by means of a trading fund and should therefore cease to be operations of the Fund;
4 in accordance with sections 1(3) and 6(4) of the 1973 Act, the Secretary of State has taken such steps as appear to her to be appropriate to give an opportunity to such persons as appear to her to be appropriate to make representations to her and has laid before Parliament a report about the representations received and her conclusions;
Section 1 of the 1973 Act was substituted by section 1(1) of the Government Trading Act 1990 (c. 30) (“the 1990 Act”); section 6(4) was substituted by section 2(3) of the 1990 Act.
5 the Secretary of State has, in accordance with section 2 of the 1973 Act and with the concurrence of the Treasury, determined—
(a) in relation to the additional operations, that no Crown assets or liabilities, other than those already appropriated to the Fund, are properly attributable to those operations; and
(b) in relation to the operations which are to cease to be operations of the Fund, what assets or liabilities of the Fund are properly attributable to those operations;
Section 2 of the 1973 Act was substituted by section 1(1) of the 1990 Act.
6 in accordance with section 6(2) of the 1973 Act, a draft of this Order has been laid before the House of Commons and has been approved by a resolution of that House.
Section 6(2) was substituted by section 2(3) of the 1990 Act
Now, therefore, the Secretary of State, in exercise of the powers conferred upon her by sections 1(1), 4A(2) and 6(1) of the 1973 Act, and of all other powers enabling her in that behalf, with the concurrence of the Treasury, hereby makes the following Order:—
Section 1 of the 1973 Act was substituted by section 1(1) of the 1990 Act; section 4A was inserted by section 1(2) of the 1990 Act; and section 6(1) was substituted by section 2(3) of the 1990 Act.