Statutory Instruments
Social Security
Made
23rd February 2016
Laid before Parliament
1st March 2016
Coming into force
1st 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 1992(1) (“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.
1. 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.
2. 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”.
3. 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
Freud
Minister of State,
Department for Work and Pensions
23rd February 2016
(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.
1992 c. 5. Section 15A was inserted by paragraph 1 of the Schedule to the Social Security (Mortgage Interest Payments) Act 1992 (c.33) and relevant amendments were made by paragraph 9 of Schedule 2 to the State Pension Credit Act 2002 (c. 16).Section 189(1) was amended by paragraph 109 of Schedule 7 to the Social Security Act 1998 (c.14), paragraph 57(2) of Schedule 3 to the Social Security Contributions (Transfer of Functions etc.) Act 1999 (c.2) and Schedule 6 to the Tax Credits Act 2002 (c. 21). Section 189(4) was amended by paragraph 109 of Schedule 7 to the Social Security Act 1998 (c. 14) and by S.I. 2013/252.
S.I. 1987/1968. Schedule 9A was inserted by regulation 6 of S.I. 1992/1026. Relevant amendments to paragraph 7 were made by S.I. 2002/3197 and 2015/343.
S.I. 2013/380. Relevant amendments to paragraph 9 of Schedule 5 were made by S.I. 2015/343.