Finance (No. 2) Act 2023

Reviews etc U.K.

12 (1) In paragraph 21 (reviews)—

(a) in sub-paragraph (4), after paragraph (b) insert—

“(ba) provision corresponding or similar to any provision made by or under this Schedule in relation to a safeguarding investigation, including any of the powers or duties of the TRA or the Secretary of State in respect of those investigations and any recommendations or decisions resulting from them;

(bb) provision conferring functions (including functions involving the exercise of a discretion) on the Secretary of State or the TRA;”;

(b) in sub-paragraph (6)—

(i) omit the “and” at the end of paragraph (a);

(ii) after that paragraph insert—

“(aa) the TRA giving the Secretary of State options as part of a recommendation, and”;

(iii) in paragraph (b), for “the Secretary of State accepting or rejecting” substitute “the Secretary of State’s powers in relation to”.

(c) in sub-paragraph (7)—

(i) in the words before paragraph (a), for “accepts a recommendation” substitute “decides”;

(ii) in paragraph (a), for “recommendation and of the acceptance of it” substitute “decision”;

(iii) in paragraph (c), for “recommendation” substitute “decision”.

(d) in sub-paragraph (8), after “State” insert “, or which the Secretary of State may decide to make other than in accordance with a recommendation,”;

(e) in sub-paragraph (9), after “State” insert “, or which the Secretary of State may decide to make other than in accordance with a recommendation,”;

(f) in sub-paragraph (10)—

(i) in the words before paragraph (a), for “accepts a recommendation” substitute “decides”;

(ii) in paragraph (a), for “recommendation and of the acceptance of it” substitute “decision”;

(iii) in paragraph (c), for “recommendation” substitute “decision”.

(2) In paragraph 22 (variation or revocation following an international dispute decision)—

(a) in sub-paragraph (1)(b), for “the Secretary of State accepting or rejecting” substitute “the Secretary of State’s powers in relation to”;

(b) in sub-paragraph (2), at the end insert—

“(d) make provision corresponding or similar to any provision made by or under this Schedule in relation to safeguarding investigations, including any of the powers or duties of the TRA or the Secretary of State in respect of those investigations and any recommendations or decisions resulting from them;

(e) make provision conferring functions (including functions involving the exercise of a discretion) on the Secretary of State or the TRA.”;

(c) in sub-paragraph (4)—

(i) in the words before paragraph (a), for “accepts a recommendation” substitute “decides”;

(ii) in paragraph (a), for “recommendation and of the acceptance of it” substitute “decision”;

(iii) in paragraph (c), for “recommendation” substitute “decision”.

(3) In paragraph 24 (suspension of safeguarding remedies)—

(a) in sub-paragraph (1), in paragraph (b), for “the Secretary of State accepting or rejecting” substitute “the Secretary of State’s powers in relation to”;

(b) in sub-paragraph (4), at the end insert—

“(e) provision corresponding or similar to any provision made by or under this Schedule in relation to a safeguarding investigation, including any of the powers or duties of the TRA or the Secretary of State in respect of those investigations and any recommendations or decisions resulting from them;

(f) provision conferring functions (including functions involving the exercise of a discretion) on the Secretary of State or the TRA.”;

(c) in sub-paragraph (6)—

(i) in the words before paragraph (a), for “accepts a recommendation” substitute “decides”;

(ii) in paragraph (a), for “recommendation and of the acceptance of it” substitute “decision”;

(iii) in paragraph (c), for “recommendation” substitute “decision”.

Commencement Information

I1 Sch. 19 para. 12 not in force at Royal Assent, see Sch. 19 para. 17(2)

I2 Sch. 19 para. 12 in force at 25.8.2023 by S.I. 2023/918, reg. 2 (with reg. 3)