(1)A power to make a freezing order is exercisable by statutory instrument.
(2)A freezing order—
(a)must be laid before Parliament after being made;
(b)ceases to have effect at the end of the relevant period unless before the end of that period the order is approved by a resolution of each House of Parliament (but without that affecting anything done under the order or the power to make a new order).
(3)The relevant period is a period of 28 days starting with the day on which the order is made.
(4)In calculating the relevant period no account is to be taken of any time during which Parliament is dissolved or prorogued or during which both Houses are adjourned for more than 4 days.
(5)If the Treasury propose to make a freezing order in the belief that the condition in section 4(2)(b) is satisfied, they must not make the order unless they consult the Secretary of State.