Statutory Instruments
2024 No. 1297
Export And Investment Guarantees
The Export and Investment Guarantees (Limit on Exports and Insurance Commitments) Order 2024
Made
4th December 2024
Coming into force
25th December 2024
The Secretary of State makes this Order, with the consent of the Treasury, in exercise of the powers conferred by section 6(4)(a) of the Export and Investment Guarantees Act 1991( 1 ).
In accordance with section 15(3) of that Act a draft of this Order has been laid before and approved by resolution of the House of Commons.
Citation, commencement and extent
1. —(1) This Order may be cited as the Export and Investment Guarantees (Limit on Exports and Insurance Commitments) Order 2024.
(2) This Order comes into force on the 21st day after the day on which it is made.
(3) This Order extends to England and Wales, Scotland and Northern Ireland.
Increase in aggregate exports and insurance commitment limit
2. The limit in section 6(1) of the Export and Investments Guarantees Act 1991 is increased to 72,700 million special drawing rights.
Gareth Thomas
Parliamentary Under Secretary of State
Department for Business and Trade
4th December 2024
Anna Turley
Jeff Smith
Two of the Lords Commissioners of His Majesty’s Treasury
25th November 2024
1991 c. 67 . Section 6 was amended by section 12 of the Small Business, Enterprise and Employment Act 2015 (c. 26) .