PART 7Miscellaneous

Parliamentary control of statutory instruments under FSMA 2000

I1136Amendments of section 429 of FSMA 2000

1

Section 429 of FSMA 2000 (Parliamentary control of statutory instruments) is amended as follows.

2

In subsection (1)(a) (orders subject to affirmative procedure)—

a

after “55C,” insert “ 71A(4), ”, and

b

for “144(4), 192(b) or (e), 138K(6)(c)” substitute “ 138K(6)(c), 144(4), 192(b) or (e) ”.

3

In subsection (2) (regulations subject to affirmative procedure), after “90B,” insert “ 142W, ”.

4

After subsection (2) insert—

2A

Regulations to which subsection (2B) applies are not to be made unless a draft of the regulations has been laid before Parliament and approved by a resolution of each House.

2B

This subsection applies to regulations which contain provision made under section 410A, other than provision made only by virtue of subsection (2) of that section.

5

In subsection (8), for “or 23A” substitute “ , 23A or 142Z ”.