25Requirement to get State aid approval before significant capitalisationS
This section has no associated Explanatory Notes
(1)The Scottish Ministers may not spend more than the sterling amount of the authorised minimum on capitalising the Bank unless they have obtained any approval which, under State aid rules, they are required to obtain before doing so.
(2)For the purposes of subsection (1), no account is to be taken of administration costs.
(3)In subsection (1)—
“authorised minimum” has the meaning given in section 763 of the Companies Act 2006,
“capitalising the Bank” has the meaning given in section 24(2).
Commencement Information
I1S. 25 in force at 16.9.2020 by S.S.I. 2020/272, reg. 2