EXPLANATORY NOTE
(This note is not part of the Order)
This Order revokes the Driver and Vehicle Standards Agency Trading Fund Order 2015 (“the 2015 Order”). As a result of its revocation the trading fund established by the 2015 Order ceases to exist and the operations of the Driver and Vehicle Standards Agency as described in Schedule 1 to the 2015 Order cease to be financed by means of a trading fund and its assets and liabilities are no longer appropriated to a trading fund.
An impact assessment has not been produced for this instrument as no, or no significant, impact on the private or voluntary sectors is foreseen.
An Explanatory Memorandum is available alongside this instrument on www.legislation.gov.uk.