Regulation 96 I1F1

For Article 38 substitute—

“Article 38

Treasury Regulations

1

Any power to make regulations conferred on the Treasury by this Regulation is exercisable by statutory instrument.

2

Such regulations may—

(a)

make incidental, supplemental, consequential or transitional provision;

(b)

make different provision for different purposes; and

(c)

amend or revoke any decision to which Article 5(1)(b)(ii) refers.

3

Unless paragraph 4 applies, a statutory instrument containing regulations made under this Regulation is subject to annulment in pursuance of a resolution of either House of Parliament.

4

A statutory instrument containing regulations made in exercise of the power in subparagraph 3 of Article 5(6) may not be made unless a draft of the instrument has been laid before Parliament and approved by a resolution of each House.”.

Omit Articles 38a to 41.