# Finance Act 2000, Paragraph 25


(1) References in this Part of this Schedule to a “training commitment" are to a statement by a company or group setting out how it proposes to meet the minimum training obligation.
(2) A training commitment is not effective for the purposes of this Part of this Schedule unless approved by the Secretary of State.
(3) Sub-paragraphs (1) and (2) are subject to—
paragraph 27(4) and (5) (power of Secretary of State to set training commitment), and
paragraph 28(2) (power of Secretary of State to adjust training commitment to take account of changed circumstances).

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/25 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-22/paragraph-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.