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Section 2 Financial assistance for exports and overseas investment: commitment limitsI1

United Kingdom

(1)

In section 6 of the Export and Investment Guarantees Act 1991 (financial assistance for exports and overseas investment: commitment limits)—

(a)

in subsection (1), for “82,700 million special drawing rights” substitute “£160 billion”;

(b)

in subsection (4)(a), for “sum specified in the order not exceeding 5,000 million special drawing rights” substitute “sum not exceeding £15 billion”;

(c)

in subsection (4A), for “either limit mentioned in subsection (4)” substitute “the limit in subsection (3)”;

(d)

in subsection (5)(e), after “the equivalent in” insert “sterling or”.

(2)

In section 12 of the Small Business, Enterprise and Employment Act 2015 (amendments to the Export and Investment Guarantees Act 1991), omit subsection (2).

Annotations

Commencement

I1

S. 2 in force at 18.5.2026, see s. 3(2)