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Scottish National Investment Bank Act 2020

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  1. Introductory Text

  2. PART 1 Establishment of the Bank

    1. CHAPTER 1 Scottish Ministers' duty to establish the Bank

      1. 1.Duty to establish the Bank

    2. CHAPTER 2 The Bank's articles of association on establishment

      1. 2.The Bank's vision

      2. 3.The Bank's objects

      3. 4.Ethical investment standards

      4. 5.Balanced scorecard

      5. 6.General powers

      6. 7.Borrowing powers

      7. 8.Ownership

      8. 9.Directors: appointment

      9. 10.Directors: tenure

      10. 11.Remuneration

      11. 12.Committees

      12. 13.Gender equality strategy

      13. 14.Entrenched provisions

  3. PART 2 Operational matters

    1. Strategic missions

      1. 15.Setting missions

      2. 16.Requirement to consult in relation to missions

      3. 17.Proposals from the Bank about its missions

    2. Accountability

      1. 18.Report on strategic missions

      2. 19.Report on investment performance

      3. 20.Report on gender equality strategy

      4. 21.Review of performance

      5. 22.Equal pay review

    3. Fair work

      1. 23.Fair work direction

    4. Scottish Government financing of the Bank

      1. 24.Power to capitalise

      2. 25.Requirement to get State aid approval before significant capitalisation

      3. 26.Power to finance

      4. 27.Requirement to get State aid approval for financing

      5. 28.Meaning of State aid rules

    5. Miscellaneous provisions

      1. 29.Advisory group

      2. 30.Exercise of power to appoint non-executive directors

      3. 31.Procedure for modifying entrenched provisions

  4. PART 3 Final provisions

    1. 32.Application of public bodies legislation

    2. 33.Meaning of references to the Bank and subsidiaries

    3. 34.Ancillary provision

    4. 35.Commencement

    5. 36.Short title

    1. SCHEDULE

      Application of public bodies legislation

      1. Ethical Standards in Public Life etc. (Scotland) Act 2000

        1. 1.(1) The Ethical Standards in Public Life etc. (Scotland) Act...

      2. Freedom of Information (Scotland) Act 2002

        1. 2.In schedule 1 of the Freedom of Information (Scotland) Act...

      3. Public Appointments and Public Bodies (Scotland) Act 2003

        1. 3.In schedule 2 of the Public Appointments and Public Bodies...

      4. Public Services Reform (Scotland) Act 2010

        1. 4.(1) The Public Services Reform (Scotland) Act 2010 is amended...

      5. Gender Representation on Public Boards (Scotland) Act 2018

        1. 5.In schedule 1 of the Gender Representation on Public Boards...

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