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PART 1E+W+SCollective money purchase benefits

SupplementaryE+W+S

51RegulationsE+W+S

(1)Regulations under this Part are to be made by statutory instrument.

(2)A power to make regulations under this Part may be used—

(a)to make different provision for different purposes;

(b)to make provision in relation to all or only some of the purposes for which it may be used.

(3)Regulations under this Part may—

(a)confer a discretion on a person;

(b)make consequential, supplementary or incidental provision;

(c)make transitional, transitory or saving provision.

(4)Where regulations under this Part are subject to “negative resolution procedure”, the statutory instrument containing the regulations is subject to annulment in pursuance of a resolution of either House of Parliament.

(5)Where regulations under this Part are subject to “affirmative resolution procedure”, the regulations must not be made unless a draft of the statutory instrument containing them has been laid before Parliament and approved by a resolution of each House of Parliament.

(6)Any provision that may be made by regulations under this Part subject to negative resolution procedure may be made by regulations subject to affirmative resolution procedure.

Commencement Information

I1S. 51 in force at Royal Assent for specified purposes, see s. 131(3)(a)

I2S. 51 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)