PART 2Operational matters
Strategic missions
15Setting missions
1
The Scottish Ministers are to set strategic missions for the Bank.
2
The Scottish Ministers set the Bank strategic missions by sending it a document—
a
describing the socio-economic or environmental challenges that the Bank is to seek to address, and
b
explaining how, in the Ministers’ opinion, addressing those challenges relates to the Bank’s main object and ancillary objects as set out in its articles of association.
3
The latest document sent to the Bank under this section supersedes the previous one and so, by sending the Bank a new document under this section, the Scottish Ministers can—
a
set a new strategic mission for the Bank,
b
modify a strategic mission, or
c
bring a strategic mission to an end.
4
After sending the Bank a document under this section, the Scottish Ministers must—
a
lay before the Scottish Parliament—
i
a copy of the document, and
ii
a statement setting out how the terms of the document sent to the Bank were affected by the responses to the public consultation carried out in accordance with section 16, and
b
make a copy of both the document and the statement publicly available.