Explanatory Notes

Scottish National Investment Bank Act 2020

2020 asp 3

25 February 2020

The Act

Part 1 - Establishment of the Bank

Chapter 2 - The Bank’s articles of association on establishment
Section 9 (Directors: appointment)

14.Section 9 makes provision, for inclusion in the Articles, about the composition of the Board and sets out parameters for the appointment of Directors to the Board of the Bank.