Section 205A Supplementary provisions with respect to subordinate legislation.F1

F2Subsections (2) to (4) belowapply to any power of the Secretary of State F3or the Treasury under this Act—

Subsections (2) to (4) below also apply to any power to make regulations by virtue of regulation 6 F5in each of the Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996 and the Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations (Northern Ireland) 1997 in the event that that power becomes exercisable by the Treasury by virtue of an order under section 115 above.

Any such power is exercisable by statutory instrument and includes power to make different provision for different cases.

Except as otherwise provided, a statutory instrument containing statements of principle, rules or regulations shall be subject to annulment in pursuance of a resolution of either House of Parliament.

The above provisions do not apply to a recognition order, an order declaring a collective investment scheme to be an authorised unit trust scheme or a recognised scheme or to an order revoking any such order.