The Social Security (Fees Payable by Qualifying Lenders) (Amendment) Regulations 2016

Made23rd February 2016

Laid before Parliament1st March 2016

Coming into force1st April 2016

The Secretary of State for Work and Pensions makes the following Regulations in exercise of the powers conferred by sections 15A(2)(b) and 189(1) and (4) of the Social Security Administration Act 19921 (“the 1992 Act”).

In accordance with section 15A(2) of the 1992 Act, the Secretary of State has consulted with organisations representing qualifying lenders likely to be affected by the Regulations.

In accordance with section 173(1)(b) of the 1992 Act, the Social Security Advisory Committee has agreed that the proposals in respect of these Regulations should not be referred to it.

Citation and commencement1

These Regulations may be cited as the Social Security (Fees Payable by Qualifying Lenders) (Amendment) Regulations 2016 and come into force on 1st April 2016.

Amendment of paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 19872

In paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987 (fees payable by qualifying lenders)2, for “£0.46” substitute “£0.44”.

Amendment of paragraph 9(2) of Schedule 5 to the Universal Credit, Personal Independence Payment, Jobseeker’s Allowance and Employment and Support Allowance (Claims and Payments) Regulations 20133

In paragraph 9(2) of Schedule 5 to the Universal Credit, Personal Independence Payment, Jobseeker’s Allowance and Employment and Support Allowance (Claims and Payments) Regulations 2013 (fees payable by qualifying lenders)3, for “£0.46” substitute “£0.44”.

Signed by authority of the Secretary of State for Work and Pensions

FreudMinister of State,Department for Work and Pensions23rd February 2016

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations amend paragraph 7 of Schedule 9A to the Social Security (Claims and Payments) Regulations 1987 (S.I. 1987/1968) and paragraph 9(2) of Schedule 5 to the Universal Credit, Personal Independence Payment, Jobseeker’s Allowance and Employment and Support Allowance (Claims and Payments) Regulations 2013 (S.I. 2013/380) by reducing from £0.46 to £0.44 the fee which qualifying lenders pay for the purpose of defraying administrative expenses incurred by the Secretary of State in making payments in respect of mortgage interest direct to qualifying lenders.

An impact assessment has not been produced for this instrument as it has no new impact on business or civil society organisations.