{
  "url": "https://openlegislation.uk/enterprise-act-2016-commencement-no-5-regulations-2017/note",
  "json_url": "https://openlegislation.uk/enterprise-act-2016-commencement-no-5-regulations-2017/note.json",
  "legislation": "uksi/2017/842",
  "legislation_title": "The Enterprise Act 2016 (Commencement No. 5) Regulations 2017",
  "legislation_url": "https://openlegislation.uk/enterprise-act-2016-commencement-no-5-regulations-2017",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese are the fifth commencement regulations made under the Enterprise Act 2016 (c.12). Certain provisions came into force on the passing of the Act.\nRegulation 2 commences section 37 of the Enterprise Act 2016 on the day after the day on which these Regulations are made. Section 37 amends Part 1 of the Enterprise and Regulatory Reform Act 2013. In particular, section 37 removes elements of Government control over the corporate policy of the UK Green Investment Bank (“GIB”). The purpose of the amendments is to enable the GIB to be reclassified to the private sector following a disposal of the Crown’s shares in the GIB.\nIn accordance with section 38(1) of the Enterprise Act 2016, on 3rd March 2016 the Secretary of State laid before Parliament a report on the proposed disposal which states: the kind of disposal intended, the expected time-scale for the disposal, and the Secretary of State’s objectives for the disposal.\nA full regulatory impact assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/842/note",
    "retrieved_at": "2026-10-28T23:08:46.757200+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}