2016 No. 549
The Medicines and Healthcare Products Regulatory Agency Trading Fund (Amendment) Order 2016
Made
Coming into force
The Secretary of State for Health makes this Order in exercise of the powers conferred by sections 1(1) and 6(1) of the Government Trading Funds Act 19731 (the 1973 Act), with the concurrence of the Treasury.
It appears to the Secretary of State that the operations of the Department of Health covered by this Order (the additional operations) are suitable to be financed by means of the fund established by the Medicines and Healthcare Products Regulatory Agency Trading Fund Order 20032 (the Fund) and, in particular, to be managed in conjunction with the other operations of the Fund so that the revenue of the Fund would consist principally of receipts in respect of goods and services provided in the course of those operations.
It also appears to the Secretary of State that the financing of the additional operations by means of the Fund would be in the interests of the improved efficiency and effectiveness of the management of those operations.
In accordance with section 2 of the 1973 Act3, the Secretary of State has determined with Treasury concurrence that no Crown assets or liabilities, other than those already appropriated to the Fund, are properly attributable to the additional operations.
In accordance with section 6(2) of the 1973 Act4, a draft of this Order has been laid before the House of Commons and has been approved by a resolution of that House.