The Buying Agency Trading Fund (Amendment) Order 2011 No. 2208

The Buying Agency Trading Fund (Amendment) Order 2011 No. 2208

Statutory Instruments

2011 No. 2208

Government Trading Funds

The Buying Agency Trading Fund (Amendment) Order 2011

Made

5th September 2011

Laid before the House of Commons

9th September 2011

Coming into force

1st October 2011

The Minister for the Cabinet Office, in exercise of the powers conferred by sections 1(1) and (7) and 6(1) of the Government Trading Funds Act 1973(1), with the concurrence of the Treasury, makes the following Order:

Citation and commencement

1. This Order may be cited as the Buying Agency Trading Fund (Amendment) Order 2011 and comes into force on 1st October 2011.

Amendment of the Buying Agency Trading Fund Order 1991

2. In article 3 of the Buying Agency Trading Fund Order 1991(2) (establishment of the fund), for "the Buying Solutions Trading Fund" substitute "the Government Procurement Service Trading Fund".

Revocation of amending Order

3. The Buying Agency Trading Fund (Amendment) Order 2009(3) is revoked.

Francis Maude

Minister for the Cabinet Office

We concur

Angela Watkinson

Jeremy Wright

Two of the Lords Commissioners of Her Majesty's Treasury

5th September 2011

EXPLANATORY NOTE

(This note is not part of the Order)

This Order amends the Buying Agency Trading Fund Order 1991.

Article 2 changes the name of the Buying Solutions Trading Fund (formerly known as the OGCbuying.solutions Trading Fund and originally known as the Buying Agency Trading Fund) to the Government Procurement Service Trading Fund.

Article 3 revokes the earlier amending Order that changed the name of the Fund to the Buying Solutions Trading Fund.

A full impact assessment has not been produced for this instrument as no impact on the private or voluntary sector is foreseen.

(1)

1973 c.63; section 1 was substituted by section 1 of the Government Trading Act 1990 (c.30) and section 6(1) was substituted by section 2(3) of that Act.

(2)

S.I. 1991/875, relevant amending instruments are S.I. 2001/922 and 2009/647.