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9. In paragraph (1) of regulation 12(1) of the Principal Regulations—
(a)in sub-paragraph (c)(i) delete “or”;
(b)in sub-paragraph (c)(ii) for “the Charity Commissioners” substitute “the Charity Commission”(2) and at the end insert “, or”;
(c)after sub-paragraph (c)(ii) insert—
“(iii)in the case of a company that is a Scottish charity, a declaration that the Scottish Charity Regulator, and, where applicable, the Charity Commission, has given the company the written consent required by section 40 of the 2004 Act”.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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