Regulation 14 Regulations

(1)

In the heading for Chapter VII, for “delegated acts” substitute “Regulations”.

(2)

For Article 42, substitute—

“Article 42
Regulations

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)
may make different provision for different purposes.

3.

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

(3)

Omit Articles 43 to 45.

(4)

In Article 46, omit paragraph 1.

(5)

Omit Article 47.

(6)

In Article 48, omit the fourth sub-paragraph.