The Financial Assistance Scheme Regulations 2005

PART 2 U.K. ESTABLISHMENT OF THE FINANCIAL ASSISTANCE SCHEME

Scheme manager U.K.

5.—(1) The financial assistance scheme established by these Regulations shall be managed by the Secretary of State.

(2) References in these Regulations—

(a) to the scheme manager are to the Secretary of State acting in his capacity as manager of the financial assistance scheme;

(b) to the Secretary of State are to the Secretary of State acting other than in that capacity.

Funding U.K.

6.—(1) Any payments which are required to be made in accordance with these Regulations shall be paid out of a fund which is held, managed and applied by the scheme manager (“ the fund”).

(2) The Secretary of State shall pay amounts into the fund out of monies provided by Parliament.

(3) The Secretary of State may pay other amounts into the fund where he—

(a) is notified in writing that a person wishes to pay an amount into the fund;

(b) is of the opinion that that amount can be paid into the fund; and

(c) receives that amount.

Annual reports U.K.

7.—(1) The Secretary of State must prepare a report on the financial assistance scheme for each financial year.

(2) Each report must deal with the operation of the financial assistance scheme in the financial year for which it is prepared and in particular—

(a) the number of persons who have received payments under these Regulations; and

(b) the total amount of those payments.

(3) The Secretary of State must lay before each House of Parliament a copy of every report prepared by him under this regulation.

(4) In this regulation, “financial year” means—

(a) the period beginning on 1^st September 2005 and ending on 31^st March 2006; and

(b) each successive period of 12 months.

Delegation U.K.

8.  The scheme manager may make arrangements for any of his functions conferred by, or by virtue of, these Regulations to be exercised, in accordance with those arrangements, by a person on his behalf.