
Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Cross Heading
PrintThis
Section
only
Changes over time for: Section 223B


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
No versions valid at: 31/12/2006
Status:
Point in time view as at 31/12/2006. This version of this provision is not valid for this point in time.

Status
Not valid for this point in time generally means that a provision was not in force for the point in time you have selected to view it on.
Changes to legislation:
Financial Services and Markets Act 2000, Section 223B is up to date with all changes known to be in force on or before 17 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
Valid from 17/02/2009
[[223BBorrowing from National Loans FundU.K.
This section has no associated Explanatory Notes
(1)The scheme manager may request a loan from the National Loans Fund for the purpose of funding expenses incurred or expected to be incurred under the scheme.
(2)The Treasury may arrange for money to be paid out of the National Loans Fund in pursuance of a request under subsection (1).
(3)The Treasury shall determine—
(a)the rate of interest on a loan, and
(b)other terms and conditions.
(4)The Treasury may make regulations—
(a)about the amounts that may be borrowed under this section;
(b)permitting the scheme manager to impose levies under section 213 for the purpose of meeting expenses in connection with loans under this section (and the regulations may have effect despite any provision of this Act);
(c)about the classes of person on whom those levies may be imposed;
(d)about the amounts and timing of those levies.
(5)The compensation scheme may include provision about borrowing under this section provided that it is not inconsistent with regulations under this section.]]
Back to top