(1)A power to make regulations or an order under this Part is exercisable by statutory instrument.
(2)Subsection (1) does not apply in relation to an order under section 83(3) if the only provision made by the order is provision for, or in connection with, the transfer of property, rights and liabilities.
(3)A power to make regulations or an order under this Part includes power to make different provision for different purposes and different areas.
(4)A power to make regulations or an order under this Part includes power to make incidental, supplementary, consequential, transitional or transitory provision or savings.
(5)Subject to subsection (6), a statutory instrument containing regulations or an order made under this Part is subject to annulment in pursuance of a resolution of either House of Parliament.
(6)A statutory instrument containing—
(a)regulations under section 64 (the Flood Reinsurance Scheme),
(b)regulations under section 65 (scheme administrator),
(c)regulations under section 66 (scheme funding),
(d)regulations under section 67 (scheme administration),
(e)regulations under section 69 (disclosure of HMRC council tax information),
(f)regulations under section 70 (flood insurance obligations),
(g)the first regulations to be made under section 71 (target number),
(h)regulations under section 72 or 73 (information),
(i)the first regulations to be made under section 74 (register of premises subject to greater flood risk),
(j)regulations under section 77 (expenses of relevant bodies),
(k)regulations under section 78 (compliance reports),
(l)regulations under section 79 (functions of FCA),
(m)regulations under section 81 (intervention by FCA or PRA),
(n)regulations under section 82 (interpretation), or
(o)an order under section 83 (period of operation),
may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.
(7)If a draft of an instrument containing an order under section 83(3) would, apart from this subsection, be treated for the purposes of the Standing Orders of either House of Parliament as a hybrid instrument, it is to proceed in that House as if it were not a hybrid instrument.
Commencement Information
I1S. 84 in force at 1.1.2015 by S.I. 2014/3320, art. 4(i)