Paragraph 65 I1I2

After paragraph 171A insert—

““The required percentage”

171B

(1)

In this Schedule, “the required percentage” means 10%.

(2)

The Secretary of State may by regulations amend this paragraph so that the required percentage is a percentage—

(a)

not greater than 10%, and

(b)

not less than 2%.

(3)

Regulations under sub-paragraph (2)—

(a)

are to be made by statutory instrument;

(b)

may include supplementary, incidental, saving or transitional provision, including provision amending this Schedule;

(c)

may make different provision for different cases.

(4)

A statutory instrument containing regulations under sub-paragraph (2) may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.”