Statutory Instruments
Government Trading Funds
Made
28th January 2021
Laid before Parliament
1st February 2021
Coming into force
1st April 2021
The Secretary of State, in exercise of the powers conferred by sections 1 and 6(1) of the Government Trading Funds Act 1973(1), with the concurrence of the Treasury, makes the following Order:
1. This Order may be cited as the Driver and Vehicle Standards Agency Trading Fund (Revocation) Order 2021 and comes into force on 1st April 2021.
2. The Driver and Vehicle Standards Agency Trading Fund Order 2015(2) is revoked.
Signed by authority of the Secretary of State for Transport
Vere
Parliamentary Under Secretary of State
Department for Transport
28th January 2021
We concur
Rebecca Harris
Maggie Throup
Two of the Lords Commissioners of Her Majesty’s Treasury
25th January 2021
(This note is not part of the Order)
This Order revokes the Driver and Vehicle Standards Agency Trading Fund Order 2015 (“the 2015 Order”). As a result of its revocation the trading fund established by the 2015 Order ceases to exist and the operations of the Driver and Vehicle Standards Agency as described in Schedule 1 to the 2015 Order cease to be financed by means of a trading fund and its assets and liabilities are no longer appropriated to a trading fund.
An impact assessment has not been produced for this instrument as no, or no significant, impact on the private or voluntary sectors is foreseen.
An Explanatory Memorandum is available alongside this instrument on www.legislation.gov.uk.
1973 c. 63, sections 1 and 6(1) were amended by the Government Trading Act 1990 (c. 30), sections 1(1) and 2(3)(a).