Financial Services Act 2012

94Affirmative procedure for certain orders

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(1)This section applies to the first order made under section 93.

(2)This section also applies to any subsequent order made under that section which contains a statement by the Treasury that the effect of the proposed order would include one or more of the following—

(a)that an activity which is not specified for the purposes of subsection (3)(a) of that section would become one so specified,

(b)that an investment which is not a relevant investment would become a relevant investment;

(c)that a benchmark which is not a relevant benchmark would become a relevant benchmark.

(3)A statutory instrument containing (alone or with other provisions) an order to which this section applies may not be made unless a draft of the instrument has been laid before Parliament and approved by a resolution of each House.