Section 147 Regulations and orders
United Kingdom
(1)
Regulations and orders of the Treasury under this Act are to be made by statutory instrument.
(2)
A statutory instrument containing—
(a)
regulations under section 29, 135 or 136, or
(b)
an order under section 134,
may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.
(3)
A statutory instrument containing regulations or an order under section 18, 25, 49, 68, 83, F1or 97, or an order under section 118, is subject to annulment in pursuance of a resolution of either House of Parliament.
Annotations
Textual amendments
- F1
Words in s. 147(3) substituted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 3 para. 53 (with ss. 2(2), 5(2))