36(1)For the purposes of this Part of this Schedule, the “prescribed amount” is £100 or such other amount as the [F1Treasury by order specify] for the time being.U.K.
(2)The power to make an order under sub-paragraph (1) above shall be exercisable by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament.
(3)An order under sub-paragraph (1) above may contain transitional, consequential or supplementary provision.
Textual Amendments
F1Words in Sch. 2 para. 36(1) substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8, 13(1), Sch. 3 Pt. II para. 200(p) (with S. 13(3), Sch. 5); S.I. 2001/3538, art. 2
Modifications etc. (not altering text)
C1Sch. 2 para. 36(1)(3): functions of Building Societies Commission transferred (1.12.2001) to the Treasury by S.I. 2001/2617, arts. 2(b), 4(1), Sch. 1 Pt. III; S.I. 2001/3538, art. 2