Part IVU.K. Supplemental and Transitional

[F175ARules in relation to Part 2 and Part 2AU.K.

(1)The [F2CMA] may make such rules about procedural and other matters in connection with the carrying into effect of the provisions of Parts 2 and 2A as it considers appropriate.

(2)If the [F2CMA] is preparing rules under this section it must consult such persons as it considers appropriate.

(3)No rule made by the [F2CMA] is to come into operation until it has been approved by an order made by the Secretary of State.

(4)The Secretary of State may approve any rule made by the [F2CMA]

(a)in the form in which it is submitted; or

(b)subject to such modifications as he considers appropriate.

(5)If the Secretary of State proposes to approve a rule subject to modifications he must inform the [F2CMA] of the proposed modifications and take into account any comments made by the [F2CMA].

(6)Subsections (3) to (5) apply also to any alteration of the rules made by the [F2CMA].

(7)The Secretary of State may, after consulting the [F2CMA], by order vary or revoke any rules made under this section.

(8)If the Secretary of State considers that rules should be made under this section with respect to a particular matter he may direct the [F2CMA] to exercise its powers under this section and make rules about that matter.]