<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 value="http://www.legislation.gov.uk/asp/2026/7/2026-03-26"/><FRBRdate date="2026-03-26" name="validFrom"/><FRBRauthor href="#"/><FRBRlanguage language="eng"/></FRBRExpression><FRBRManifestation><FRBRthis value="http://www.legislation.gov.uk/asp/2026/7/2026-03-26/data.akn"/><FRBRuri value="http://www.legislation.gov.uk/asp/2026/7/2026-03-26/data.akn"/><FRBRdate date="2026-06-07+01:00" name="transform"/><FRBRauthor href="http://www.legislation.gov.uk"/><FRBRformat value="application/akn+xml"/></FRBRManifestation></identification><lifecycle source="#"><eventRef refersTo="#enactment" date="2026-03-25" eId="date-enacted" source="#"/><eventRef date="2026-03-26" eId="date-2026-03-26" source="#"/></lifecycle><analysis source="#"><restrictions source="#"><restriction refersTo="#extent-s" type="jurisdiction"/><restriction href="#body" refersTo="#extent-s" type="jurisdiction"/><restriction href="#crossheading-community-wealth-building-statement" refersTo="#extent-s" type="jurisdiction"/><restriction href="#section-3" refersTo="#extent-s" type="jurisdiction"/><restriction refersTo="#period-from-2026-03-26" type="jurisdiction"/><restriction href="#body" refersTo="#period-from-2026-03-26" type="jurisdiction"/></restrictions><otherAnalysis source=""><uk:status href="#crossheading-community-wealth-building-statement" refersTo="#status-prospective"/><uk:status href="#section-3" refersTo="#status-prospective"/><uk:match href="#crossheading-community-wealth-building-statement" value="false"/><uk:match href="#section-3" value="false"/><uk:commentary href="#section-3" refersTo="#key-74fd2549626478cb143454a24633547f"/></otherAnalysis></analysis><temporalData source="#"><temporalGroup eId="period-from-2026-03-26"><timeInterval start="#date-2026-03-26" refersTo="#"/></temporalGroup></temporalData><references source="#"><TLCEvent eId="enactment" href="" showAs="EnactmentDate"/><TLCLocation eId="extent-s" 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-74fd2549626478cb143454a24633547f" marker="I1"><p>S. 3  not in force at Royal Assent, see <ref eId="n6b076b6890e5d96e" 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/3</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/3/notes" DocumentURI="http://www.legislation.gov.uk/asp/2026/7/section/3/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-3" uk:target="true"><num>3</num><heading>Review and revision of statement</heading><subsection eId="section-3-1"><num>(1)</num><intro><p>The Scottish Ministers—</p></intro><level class="para1" eId="section-3-1-a"><num>(a)</num><content><p>must keep the community wealth building statement under review, and</p></content></level><level class="para1" eId="section-3-1-b"><num>(b)</num><content><p>may revise it as they consider appropriate.</p></content></level></subsection><subsection eId="section-3-2"><num>(2)</num><content><p>If the Scottish Ministers have not revised the community wealth building statement within the period of 5 years beginning with the day on which the community wealth building statement was last published, they must revise the statement.</p></content></subsection><subsection eId="section-3-3"><num>(3)</num><content><p><ref href="#">Section 1</ref><ref href="#">(2)</ref>, <ref href="#">(3)</ref> and <ref href="#">(5)</ref> and <ref href="#">section 2</ref><ref href="#">(1)</ref> and <ref href="#">(5)</ref> apply in relation to revising the community wealth building statement as they apply in relation to preparing the first community wealth building statement.</p></content></subsection></section></hcontainer></body></act></akomaNtoso>