Explanatory Notes

Scottish National Investment Bank Act 2020

2020 asp 3

25 February 2020

The Act

Part 2 – Operational matters

Accountability

Section 18 (Reporting on Missions)

23.Section 18 provides that within three months of receiving a document from the Scottish Ministers under section 15 (setting missions) the Bank will report to the Scottish Minsters explaining how the Bank intends to respond to the mission. Section 18 also makes provision for similar reporting each financial year.