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 8 (Ownership)

13. Section 8 makes provision, for inclusion in the Articles, about the ownership of the Bank, namely, that it can only be owned by the Scottish Ministers.