(1)[F2Subsections (2) to (4) below]apply to any power of the Secretary of State [F3or the Treasury] under this Act—
(a)to issue statements of principle,
(b)to make rules or regulations,
(c)to make orders (other than such orders as are excepted by subsection (4) below), or
(d)to issue codes of practice.
[F4(1A)Subsections (2) to (4) below also apply to any power to make regulations by virtue of regulation 6 [F5in each] of the Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996 [F5and the Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations (Northern Ireland) 1997] in the event that that power becomes exercisable by the Treasury by virtue of an order under section 115 above.]
(2)Any such power is exercisable by statutory instrument and includes power to make different provision for different cases.
(3)Except as otherwise provided, a statutory instrument containing statements of principle, rules or regulations shall be subject to annulment in pursuance of a resolution of either House of Parliament.
(4)The above provisions do not apply to a recognition order, an order declaring a collective investment scheme to be an authorised unit trust scheme or a recognised scheme or to an order revoking any such order.]
Textual Amendments
F1Ss. 205, 205A substituted for s. 205 by Companies Act 1989 (c. 40, SIF 27), s. 206(1), Sch. 23 para 18
F2Words in s. 205A substituted (6.1.1997) by S.I. 1996/2827, reg. 75, Sch. 8 para. 20(a)
F3Words in s. 205A(1) inserted (7.6.1992) by S.I. 1992/1315, art. 10(1), Sch. 4 para. 8.
F4S. 205A(1A) inserted (6.1.1997) by S.I. 1996/2827, reg. 75, Sch. 8 para. 20(b)
F5Words in s. 205A(1A) inserted (7.7.1997) by S.R. 1997/251, reg. 75, Sch. 8 para. 12
(1)[F2Subsections (2) to (4) below]apply to any power of the Secretary of State [F3or the Treasury] under this Act—
(a)to issue statements of principle,
(b)to make rules or regulations,
(c)to make orders (other than such orders as are excepted by subsection (4) below), or
(d)to issue codes of practice.
[F4(1A)Subsections (2) to (4) below also apply to any power to make regulations by virtue of regulation 6 [F5in each] of the Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations 1996 [F5and the Open-Ended Investment Companies (Investment Companies with Variable Capital) Regulations (Northern Ireland) 1997] in the event that that power becomes exercisable by the Treasury by virtue of an order under section 115 above.]
(2)Any such power is exercisable by statutory instrument and includes power to make different provision for different cases.
(3)Except as otherwise provided, a statutory instrument containing statements of principle, rules or regulations shall be subject to annulment in pursuance of a resolution of either House of Parliament.
(4)The above provisions do not apply to a recognition order, an order declaring a collective investment scheme to be an authorised unit trust scheme or a recognised scheme or to an order revoking any such order.]
Textual Amendments
F1Ss. 205, 205A substituted for s. 205 by Companies Act 1989 (c. 40, SIF 27), s. 206(1), Sch. 23 para 18
F2Words in s. 205A substituted (6.1.1997) by S.I. 1996/2827, reg. 75, Sch. 8 para. 20(a)
F3Words in s. 205A(1) inserted (7.6.1992) by S.I. 1992/1315, art. 10(1), Sch. 4 para. 8.
F4S. 205A(1A) inserted (6.1.1997) by S.I. 1996/2827, reg. 75, Sch. 8 para. 20(b)
F5Words in s. 205A(1A) inserted (7.7.1997) by S.R. 1997/251, reg. 75, Sch. 8 para. 12