TITLE VII U.K. [F1 Power to make regulations]

[F2 Article 49 U.K.Regulations made by the Treasury

1. Any power to make regulations conferred on the Treasury by this Regulation is exercisable by statutory instrument.

2. Such regulations may:

(a) contain incidental, supplemental, consequential and transitional provision; and

(b) make different provision for different purposes.

[F3 2A. Regulations made under Article 23G may not be made unless a draft of the statutory instrument containing them has been laid before and approved by a resolution of each House of Parliament.]

3. [F4 Subject to paragraph 2A,] a statutory instrument containing regulations made under this Regulation is subject to annulment in pursuance of a resolution of either House of Parliament.]

Textual Amendments

F2 Art. 49 substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 40 (with regs. 51-53, 65) (as amended by S.I. 2019/1212, regs. 1(3), 20(3)(4) and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

F3 Art. 49(2A) inserted (1.7.2021) by Financial Services Act 2021 (c. 22), ss. 18(2)(a), 49(5); S.I. 2021/739, reg. 3(k)

F4 Words in Art. 49(3) inserted (1.7.2021) by Financial Services Act 2021 (c. 22), ss. 18(2)(b), 49(5); S.I. 2021/739, reg. 3(k)

Textual Amendments

F1 Title 7 heading substituted (31.12.2020) by The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019 (S.I. 2019/657), regs. 1(2), 39 (with regs. 51-53, 65) (as amended by S.I. 2019/1212, regs. 1(3), 20(3)(4) and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)