(1)The Treasury may by regulations make provision for the enforcement of obligations imposed by or under—
(a)a share transfer order,
(b)a share transfer instrument, or
(c)a property transfer instrument.
(2)Regulations—
(a)may confer jurisdiction on a court or tribunal;
(b)may not impose a penalty or create a criminal offence;
(c)may make provision which has effect in respect of an order or instrument only if applied by the order or instrument.
(3)Regulations—
(a)shall be made by statutory instrument, and
(b)shall be subject to annulment in pursuance of a resolution of either House of Parliament.
Commencement Information
I1S. 72 in force at 21.2.2009 in so far as not already in force by S.I. 2009/296, arts. 2, 3, Sch. para. 1