(1)Subject to subsections (2) and (3), a statutory instrument containing regulations or an order or rules under this Act is subject to annulment in pursuance of a resolution of either House of Parliament.
(2)A statutory instrument which contains—
(a)regulations under section 117(1) or (3) (administration levy in respect of expenditure relating to the Board of the Pension Protection Fund);
(b)regulations under section 167 (modification of Chapter 3 of Part 2 where liabilities discharged during the assessment period);
(c)regulations under section 174 (the initial levy);
(d)regulations under section 175 (pension protection levies);
(e)an order under section 177(6) (orders relating to amounts to be raised by pension protection levies);
(f)an order under section 178(1) (the levy ceiling);
(g)an order or regulations under section 209 (the PPF Ombudsman);
(h)regulations under section 213 (reference of reviewable matter to the PPF Ombudsman);
(i)regulations under section 214 (investigation by PPF Ombudsman of complaints of maladministration);
(j)regulations under section 237 (combined pension forecasts);
(k)regulations under section 238 (information and advice to employees);
(l)an order under section 243(1) (power to provide for minimum fraction of member-nominated trustees or directors to be one-half);
(m)regulations which make provision by virtue of section 261(2)(f) (power to make amendments etc to certain Acts);
(n)regulations under section 286 (financial assistance scheme for members of certain pension schemes);
(o)regulations which make provision by virtue of section 314(b) (power to provide for contravention of regulations to be criminal offence);
(p)regulations under section 318(4)(b) (power to extend meaning of employer);
(q)an order under section 319(2)(a) (power to make consequential amendments to Acts);
(r)an order under paragraph 24(8) of Schedule 7 (power to vary percentage of periodic compensation that can be commuted);
(s)an order under paragraph 26(7) of that Schedule (orders specifying the compensation cap in respect of payments from the Pension Protection Fund); or
(t)an order under paragraph 30(1) of that Schedule (power to vary percentage paid as compensation from the Pension Protection Fund);
must not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.
(3)Subsection (1) does not apply to—
(a)an order under section 91(9) (commencement of code of practice);
(b)an order under section 126(2) (schemes winding up before day appointed by order not eligible schemes for purposes of Part 2);
(c)an order under section 182(10) (order appointing day after which losses of non-trust schemes are relevant for fraud compensation purposes);
(d)an order under section 322 (commencement).