Article 10 Orders under Article 3

An order under Article 3 shall not alter the authorised lender in relation to any trading fund.

No order establishing a trading fund, or extending or restricting the funded operations, shall be made unless a draft of the order has been laid before and approved by a resolution of the Assembly.

An order under Article 3, if made without a draft having been approved by a resolution of the Assembly, shall be subject to negative resolution.

Where a department has taken steps in pursuance of Article 3(2) to give an opportunity for representations to be made about a proposed order, it shall, before laying, in accordance with paragraph (2), a draft order giving effect to the proposal, lay a report before the Assembly about the representations received and the department's conclusions.