Search Legislation

Advanced Search

The Medicines and Healthcare Products Regulatory Agency Trading Fund (Appropriation of Additional Assets and Liabilities) Order 2014

Status:

This is the original version (as it was originally made).

Citation, commencement and interpretation

1.—(1) This Order may be cited as the Medicines and Healthcare Products Regulatory Agency Trading Fund (Appropriation of Additional Assets and Liabilities) Order 2014 and shall come into force on 24th March 2014.

(2) In this Order—

“the Fund” means the trading fund established by the Medicines and Healthcare Products Regulatory Agency Trading Fund Order 2003.

“biological substances functions” means those functions set out in section 57 of the Health and Social Care Act 2012(1).

“biological substances services” means those services consisting of or relating to the performance of the biological substances functions.

Appropriation of additional assets and liabilities to the Fund

2.—(1) The assets and liabilities set out in the Schedule are respectively appropriated as additional assets and liabilities of the Fund.

(2) £62,408,000 of the amount by which the additional assets exceed the amount of the additional liabilities shall be treated as a revaluation reserve in the accounts of the Fund.

(3) £42,256,000 of the amount by which the additional assets exceed the amount of the additional liabilities shall be treated as a retained surplus reserve in the accounts of the Fund.

Appointed day for adding to originating debt of the Fund

3.  For the purposes of section 2(4) of the Government Trading Funds Act 1973(2) the appointed day is 24th March 2014.

Signed by authority of the Secretary of State for Health.

Earl Howe

Parliamentary Under-Secretary of State,

Department of Health

18th February 2014

We concur

Anne Milton

Sam Gyimah

Two of the Lords’ Commissioners of Her Majesty’s Treasury

25th February 2014

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources