# The Medicines and Healthcare Products Regulatory Agency Trading Fund (Amendment) (EU Exit) Order 2018, Introduction: Introductory text


Draft Order laid before the House of Commons under section 6(2) of the Government Trading Funds Act 1973, for approval by resolution of that House.
Exiting The European Union
Government Trading Funds
Made ***
Coming into force in accordance with article 1
The Secretary of State for Health and Social Care, with the concurrence of the Treasury, makes this Order in exercise of the powers conferred by sections 1(1) and 6(1) of the Government Trading Funds Act 1973 (the 1973 Act).
It appears to the Secretary of State that the operations of the Department of Health and Social Care covered by this Order are suitable to be financed by means of the fund established by the Medicines and Healthcare Products Regulatory Agency Trading Fund Order 2003 (the Fund) and, in particular, to be so managed that the revenue of the Fund would consist principally of receipts in respect of goods or services provided in the course of both the existing operations financed by means of the Fund and the additional operations financed by means of the Fund by virtue of this Order.
It also appears to the Secretary of State that the financing of the operations in question 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(1)(a) of the 1973 Act, 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 any additional operations financed by means of the Fund by virtue of this Order.
In accordance with section 4A(2) of the 1973 Act, the Secretary of State has determined with Treasury concurrence that no assets or liabilities of the Fund are properly attributable to any operations ceasing to be financed by means of the Fund by virtue of this Order.
In accordance with section 6(2) of the 1973 Act, a draft of this Order has been laid before the House of Commons and has been approved by a resolution of that House.

---
Source: https://www.legislation.gov.uk/ukdsi/2018/9780111171141/introduction (the official version)
Page: https://openlegislation.uk/draft-medicines-and-healthcare-products-regulatory-agency-trading-fund-amendment-eu-exit-order-2018/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.