Section 118 Variations or revocation of order transferring powers.

(1)

Where the F1appropriate national authority has made F2a transfer order under section 116 above, F3it may at any time by a subsequent order vary or revoke that order, but without prejudice to the validity of anything previously done.

F4(1A)

The Secretary of State must consult the regulator before making an order under subsection (1).

(2)

Where an order is so revoked, the F5appropriate national authority may, either by the revoking order or by a subsequent order, make such provision as appears to F6it to be desirable with respect to the transfer, vesting and discharge of any property or liabilities acquired or incurred F7, by the person to whom the revoked order transferred functions, in discharging those functions.

Annotations

Textual amendments

F1: Words in s. 118(1) substituted (6.4.2024 except in relation to W., 1.7.2026 for W.) by Building Safety Act 2022 (c. 30), ss. 45(4)(a)(i), 170(4)(b)(c); S.I. 2024/104, reg. 2(d) (with reg. 3); S.I. 2025/1368, reg. 2(f)
F2: Words in s. 118(1) substituted (6.4.2024 except in relation to W., 1.7.2026 for W.) by Building Safety Act 2022 (c. 30), ss. 45(4)(a)(ii), 170(4)(b)(c); S.I. 2024/104, reg. 2(d) (with reg. 3); S.I. 2025/1368, reg. 2(f)
F3: Word in s. 118(1) substituted (6.4.2024 except in relation to W., 1.7.2026 for W.) by Building Safety Act 2022 (c. 30), ss. 45(4)(a)(iii), 170(4)(b)(c); S.I. 2024/104, reg. 2(d) (with reg. 3); S.I. 2025/1368, reg. 2(f)
F4: S. 118(1A) inserted (6.4.2024 except in relation to W., 1.7.2026 for W.) by Building Safety Act 2022 (c. 30), ss. 45(4)(b), 170(4)(b)(c); S.I. 2024/104, reg. 2(d) (with reg. 3); S.I. 2025/1368, reg. 2(f)
F5: Words in s. 118(2) substituted (6.4.2024 except in relation to W., 1.7.2026 for W.) by Building Safety Act 2022 (c. 30), ss. 45(4)(c)(i), 170(4)(b)(c); S.I. 2024/104, reg. 2(d) (with reg. 3); S.I. 2025/1368, reg. 2(f)
F6: Word in s. 118(2) substituted (6.4.2024 except in relation to W., 1.7.2026 for W.) by Building Safety Act 2022 (c. 30), ss. 45(4)(c)(ii), 170(4)(b)(c); S.I. 2024/104, reg. 2(d) (with reg. 3); S.I. 2025/1368, reg. 2(f)
F7: Words in s. 118(2) substituted (6.4.2024 except in relation to W., 1.7.2026 for W.) by Building Safety Act 2022 (c. 30), ss. 45(4)(c)(iii), 170(4)(b)(c); S.I. 2024/104, reg. 2(d) (with reg. 3); S.I. 2025/1368, reg. 2(f)