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Financial Services (Banking Reform) Act 2013

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Changes over time for: Section 143

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Version Superseded: 29/08/2023

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Point in time view as at 21/04/2016. This version of this provision has been superseded. Help about Status

Changes to legislation:

Financial Services (Banking Reform) Act 2013, Section 143 is up to date with all changes known to be in force on or before 06 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

143Orders and regulations: Parliamentary controlU.K.

This section has no associated Explanatory Notes

(1)A statutory instrument containing an order or regulations under this Act is subject to annulment in pursuance of a resolution of either House of Parliament, unless—

(a)the instrument contains only provision made under section 148 (commencement), or

(b)the instrument is required by subsection (3) or any other enactment to be laid in draft before, and approved by a resolution of, each House.

(2)Subsection (3) applies to a statutory instrument that contains (with or without other provisions)—

(a)regulations under section 7 (building societies: power to make provision about ring-fencing);

(b)an order under section 41(4) (meaning of “payment system”);

(c)an order under section 145 (power to make further consequential amendments) that amends or repeals primary legislation;

(d)an order under paragraph 6 of Schedule 6 (conduct of FMI administration).

(3)A statutory instrument to which this subsection applies may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.

(4)In subsection (2)(c) “primary legislation” means—

(a)an Act of Parliament,

(b)an Act of the Scottish Parliament,

(c)a Measure or Act of the National Assembly for Wales, or

(d)Northern Ireland legislation.

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