<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/asp/2026/7" IdURI="http://www.legislation.gov.uk/id/asp/2026/7" NumberOfProvisions="15" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="2.0" RestrictExtent="S" RestrictStartDate="2026-03-26"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<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>
					
					<atom:link rel="self" href="http://www.legislation.gov.uk/asp/2026/7/section/3/data.xml" type="application/xml"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/asp/2026/7/resources" title="More Resources"/>
					
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/notes" href="http://www.legislation.gov.uk/id/asp/2026/7/section/3/notes" title="Explanatory Notes"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/notes/toc" href="http://www.legislation.gov.uk/asp/2026/7/notes/contents" title="Explanatory Notes Table of Contents"/>
					
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/asp/2026/7" title="whole act"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/asp/2026/7/introduction" title="introduction"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/asp/2026/7/body" title="body"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/schedules" href="http://www.legislation.gov.uk/asp/2026/7/schedules" title="schedules"/>
					
										
					
					
					
					<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/asp/2026/7/section/3/data.rdf" title="RDF/XML"/><atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/asp/2026/7/section/3/data.akn" title="AKN"/><atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/asp/2026/7/section/3/data.xht" title="HTML snippet"/><atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/asp/2026/7/section/3/data.htm" title="Website (XHTML) Default View"/><atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/asp/2026/7/section/3/data.csv" title="CSV"/><atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/asp/2026/7/section/3/data.pdf" title="PDF"/>
					<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/asp/2026/7/section/3/data.html" title="HTML5 snippet"/>

					
					<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/asp/2026/7/contents" title="Table of Contents"/>
					
					<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/asp/2026/7/section/3/enacted" title="enacted"/>
					
					<atom:link rel="up" href="http://www.legislation.gov.uk/asp/2026/7" title="Entire legislation"/><atom:link rel="prev" href="http://www.legislation.gov.uk/asp/2026/7/section/2" title="Provision; Section 2"/><atom:link rel="prevInForce" href="http://www.legislation.gov.uk/asp/2026/7/introduction" title="Introduction; Introduction"/><atom:link rel="next" href="http://www.legislation.gov.uk/asp/2026/7/section/4" title="Provision; Section 4"/><atom:link rel="nextInForce" href="http://www.legislation.gov.uk/asp/2026/7/section/12" title="Provision; Section 12"/>
					<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>
				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/asp/2026/7/body" IdURI="http://www.legislation.gov.uk/id/asp/2026/7/body" NumberOfProvisions="15" RestrictExtent="S" RestrictStartDate="2026-03-26"><Pblock DocumentURI="http://www.legislation.gov.uk/asp/2026/7/crossheading/community-wealth-building-statement" IdURI="http://www.legislation.gov.uk/id/asp/2026/7/crossheading/community-wealth-building-statement" NumberOfProvisions="4" id="crossheading-community-wealth-building-statement" RestrictExtent="S" Match="false" Status="Prospective"><Title>Community wealth building statement</Title><P1group Match="false" Status="Prospective" RestrictExtent="S"><Title>Review and revision of statement</Title><P1 DocumentURI="http://www.legislation.gov.uk/asp/2026/7/section/3" IdURI="http://www.legislation.gov.uk/id/asp/2026/7/section/3" id="section-3">
<Pnumber><CommentaryRef Ref="key-74fd2549626478cb143454a24633547f"/>3</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/asp/2026/7/section/3/1" IdURI="http://www.legislation.gov.uk/id/asp/2026/7/section/3/1" id="section-3-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>The Scottish Ministers—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/asp/2026/7/section/3/1/a" IdURI="http://www.legislation.gov.uk/id/asp/2026/7/section/3/1/a" id="section-3-1-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>must keep the community wealth building statement under review, and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/asp/2026/7/section/3/1/b" IdURI="http://www.legislation.gov.uk/id/asp/2026/7/section/3/1/b" id="section-3-1-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>may revise it as they consider appropriate.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/asp/2026/7/section/3/2" IdURI="http://www.legislation.gov.uk/id/asp/2026/7/section/3/2" id="section-3-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>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.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/asp/2026/7/section/3/3" IdURI="http://www.legislation.gov.uk/id/asp/2026/7/section/3/3" id="section-3-3">
<Pnumber>3</Pnumber>
<P2para>
<Text><InternalLink Ref="section-1" IdURI="http://www.legislation.gov.uk/id/asp/2026/7/section/1" DocumentURI="http://www.legislation.gov.uk/asp/2026/7/section/1">Section 1</InternalLink><InternalLink Ref="section-1-2" IdURI="http://www.legislation.gov.uk/id/asp/2026/7/section/1/2" DocumentURI="http://www.legislation.gov.uk/asp/2026/7/section/1/2">(2)</InternalLink>, <InternalLink Ref="section-1-3" IdURI="http://www.legislation.gov.uk/id/asp/2026/7/section/1/3" DocumentURI="http://www.legislation.gov.uk/asp/2026/7/section/1/3">(3)</InternalLink> and <InternalLink Ref="section-1-5" IdURI="http://www.legislation.gov.uk/id/asp/2026/7/section/1/5" DocumentURI="http://www.legislation.gov.uk/asp/2026/7/section/1/5">(5)</InternalLink> and <InternalLink Ref="section-2" IdURI="http://www.legislation.gov.uk/id/asp/2026/7/section/2" DocumentURI="http://www.legislation.gov.uk/asp/2026/7/section/2">section 2</InternalLink><InternalLink Ref="section-2-1" IdURI="http://www.legislation.gov.uk/id/asp/2026/7/section/2/1" DocumentURI="http://www.legislation.gov.uk/asp/2026/7/section/2/1">(1)</InternalLink> and <InternalLink Ref="section-2-5" IdURI="http://www.legislation.gov.uk/id/asp/2026/7/section/2/5" DocumentURI="http://www.legislation.gov.uk/asp/2026/7/section/2/5">(5)</InternalLink> apply in relation to revising the community wealth building statement as they apply in relation to preparing the first community wealth building statement.</Text>
</P2para>
</P2>
</P1para>
</P1></P1group></Pblock></Body></Primary><Commentaries><Commentary Type="I" id="key-74fd2549626478cb143454a24633547f"><Para><Text>S. 3  not in force at Royal Assent, see <CitationSubRef id="n6b076b6890e5d96e" SectionRef="section-14-2" URI="http://www.legislation.gov.uk/id/asp/2026/7/section/14/2" Operative="true">s. 14(2)</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>