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Regulation 71 Transfer of directive functions to the Treasury

Original text. Later amendments are not shown.

(1)

The Treasury may make regulations for the purposes specified in Part 2 of Schedule 2.

(2)

The power to make regulations conferred on the Treasury by this regulation is exercisable by statutory instrument.

(3)

The regulations may—

(a)

contain incidental, supplemental, consequential and transitional provision, and

(b)

make different provision for different purposes.

(4)

A statutory instrument containing regulations under this regulation is subject to annulment in pursuance of a resolution of either House of Parliament.