Regulation 15 Delegated acts and implementing acts

For the heading of Chapter 6 substitute “Regulations”.

For Article 35 (exercise of the delegation) substitute—

“Article 35

Regulations made by the Treasury

1.

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

2.

Such regulations may—

(a)

contain incidental, supplemental, consequential and transitional provision; and

(b)

make different provision for different purposes.

3.

No regulations may be made under Article 19 or 38 unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House.

4.

A statutory instrument containing regulations made under any other provision of this Regulation is subject to annulment in pursuance of a resolution of either House of Parliament.”

Omit Article 36 (committee procedure).