Part II Specific Reservations
Scotland Act 1998 (1998 c 46) | Legislation

Part II Specific Reservations

Preliminary

1

The matters to which any of the Sections in this Part apply are reserved matters for the purposes of this Act.

2

A Section applies to any matter described or referred to in it when read with any illustrations, exceptions or interpretation provisions in that Section.

3

Any illustrations, exceptions or interpretation provisions in a Section relate only to that Section (so that an entry under the heading “exceptions†does not affect any other Section).

Reservations

Head A—Financial and Economic Matters

Section A1

A1 Fiscal, economic and monetary policy

Fiscal, economic and monetary policy, including the issue and circulation of money, taxes and excise duties, government borrowing and lending, control over United Kingdom public expenditure, the exchange rate and the Bank of England.

[Exceptions]

[Devolved taxes, including their collection and management.]

Local taxes to fund local authority expenditure (for example, council tax and non-domestic rates).

Section A2

A2 The currency

Coinage, legal tender and bank notes.

Section A3

A3 Financial services

Financial services, including investment business, banking and deposit-taking, collective investment schemes and insurance.

Exception

The subject-matter of section

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