<akomaNtoso xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xsi:schemaLocation="http://docs.oasis-open.org/legaldocml/ns/akn/3.0 http://docs.oasis-open.org/legaldocml/akn-core/v1.0/cos01/part2-specs/schemas/akomantoso30.xsd"><act name="asp"><meta><identification source="#"><FRBRWork><FRBRthis value="http://www.legislation.gov.uk/id/asp/2026/7"/><FRBRuri value="http://www.legislation.gov.uk/id/asp/2026/7"/><FRBRdate date="2026-03-25" name="enacted"/><FRBRauthor href="http://www.legislation.gov.uk/id/legislature/ScottishParliament"/><FRBRcountry value="GB-SCT"/><FRBRnumber value="7"/><FRBRname value="2026 asp 7"/><FRBRprescriptive value="true"/></FRBRWork><FRBRExpression><FRBRthis value="http://www.legislation.gov.uk/asp/2026/7/2026-03-26"/><FRBRuri 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href="/ontology/jurisdictions/uk.Scotland" showAs="S"/><TLCConcept eId="status-prospective" href="" showAs="Prospective"/></references><notes source="#"><note ukl:Name="Commentary" ukl:Type="I" class="commentary I" eId="key-66df53286a5d4ccb3397d89e3b38a99f" marker="I1"><p>S. 2  not in force at Royal Assent, see <ref eId="n2eefa83ae14bf888" class="subref operative" href="http://www.legislation.gov.uk/id/asp/2026/7/section/14/2">s. 14(2)</ref></p></note></notes><proprietary xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" source="#"><dc:identifier>http://www.legislation.gov.uk/asp/2026/7/section/2</dc:identifier><dc:title>Community Wealth Building (Scotland) Act 2026</dc:title><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2026-04-26</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2026-03-26</dct:valid><ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="ScottishAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="2026"/><ukm:Number Value="7"/><ukm:EnactmentDate Date="2026-03-25"/><ukm:ISBN Value="9780105904519"/></ukm:PrimaryMetadata><ukm:Notes><ukm:Note IdURI="http://www.legislation.gov.uk/id/asp/2026/7/section/2/notes" DocumentURI="http://www.legislation.gov.uk/asp/2026/7/section/2/notes"/><ukm:Alternatives><ukm:Alternative URI="http://www.legislation.gov.uk/asp/2026/7/pdfs/aspen_20260007_en.pdf" Date="2026-04-16" Title="Explanatory Note" Size="900244"/></ukm:Alternatives></ukm:Notes><ukm:Alternatives><ukm:Alternative URI="http://www.legislation.gov.uk/asp/2026/7/pdfs/asp_20260007_en.pdf" Date="2026-03-26" Size="1191526" Print="true"/></ukm:Alternatives><ukm:Statistics><ukm:TotalParagraphs Value="16"/><ukm:BodyParagraphs Value="15"/><ukm:ScheduleParagraphs Value="1"/><ukm:AttachmentParagraphs Value="0"/><ukm:TotalImages Value="0"/></ukm:Statistics></proprietary></meta><body eId="body"><hcontainer name="crossheading" ukl:Name="Pblock" eId="crossheading-community-wealth-building-statement"><heading>Community wealth building statement</heading><section eId="section-2" uk:target="true"><num>2</num><heading>Publication and laying of statement</heading><subsection eId="section-2-1"><num>(1)</num><intro><p>The Scottish Ministers must—</p></intro><level class="para1" eId="section-2-1-a"><num>(a)</num><content><p>publish the community wealth building statement in such manner as they consider appropriate, and</p></content></level><level class="para1" eId="section-2-1-b"><num>(b)</num><content><p>lay a copy of the statement before the Scottish Parliament.</p></content></level></subsection><subsection eId="section-2-2"><num>(2)</num><content><p>The Scottish Ministers may by regulations specify further details about the format of the statement to be published under subsection (1)(a).</p></content></subsection><subsection eId="section-2-3"><num>(3)</num><content><p>Regulations under subsection (2) are subject to the affirmative procedure.</p></content></subsection><subsection eId="section-2-4"><num>(4)</num><content><p><ref href="#section-2-1">Subsection (1)</ref> must be complied with within the period of 18 months beginning with the day on which <ref href="#section-2">this section</ref> comes into force.</p></content></subsection><subsection eId="section-2-5"><num>(5)</num><intro><p>As soon as reasonably practicable after complying with <ref href="#section-2-1">subsection (1)</ref>, the Scottish Ministers must—</p></intro><level class="para1" eId="section-2-5-a"><num>(a)</num><intro><p>prepare and publish, in such manner as they consider appropriate, a report setting out—</p></intro><level class="para2" eId="section-2-5-a-i"><num>(i)</num><content><p>the consultation process undertaken in order to comply with <ref href="#">section 1</ref><ref href="#">(5)</ref><ref href="#">(e)</ref>, and</p></content></level><level class="para2" eId="section-2-5-a-ii"><num>(ii)</num><content><p>the ways in which, in preparing the community wealth building statement, they have taken account of views expressed in the course of that process, and</p></content></level></level><level class="para1" eId="section-2-5-b"><num>(b)</num><content><p>lay a copy of the report before the Scottish Parliament.</p></content></level></subsection></section></hcontainer></body></act></akomaNtoso>