(1)Any power of the Treasury F1. . . to make regulations or an order under this Act is exercisable by statutory instrument.
(2)Any statutory instrument containing such regulations or such an order, other than an order under [F2section 5, 69J or 69K] above or section 126 below, shall be subject to annulment in pursuance of a resolution of either House of Parliament.
(3)Any power conferred by this Act to make such regulations or such an order includes power—
(a)to make different provision for different cases; and
(b)to make transitional, consequential or supplementary provision.
Textual Amendments
F1Words in s. 121(1) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
F2Words in s. 121(2) substituted (with effect in accordance with art. 1(2) of the amending S.I.) by The Friendly Societies Act 1992 (International Accounting Standards and Other Accounting Amendments) Order 2005 (S.I. 2005/2211), art. 1(2), Sch. para. 5
Commencement Information
I1S. 121 wholly in force at 8.6.1992 see s. 126(2) and S.I. 1992/1325, art. 2(d).