Small Business, Enterprise and Employment Act 2015 (c. 26)

PART 10 U.K. Insolvency

Power to establish single regulator of insolvency practitioners E+W+S

146 Regulations under section 144: timing and supplementary E+W+S

(1) Section 144 and, accordingly, section 145 and subsections (3) and (4) below expire at the end of the relevant period unless the power conferred by subsection (1) of section 144 is exercised before the end of that period.

(2) The “relevant period” is the period of 7 years beginning with the day on which section 144 comes into force.

(3) Regulations under section 144 are subject to affirmative resolution procedure.

(4) If a draft of a statutory instrument containing regulations under section 144 would, apart from this subsection, be treated for the purposes of the Standing Orders of either House of Parliament as a hybrid instrument, it is to proceed in that House as if it were not a hybrid instrument.

Commencement Information

I1 S. 146 in force at 1.10.2015 immediately after 2015 c. 20, s. 17 comes into force by S.I. 2015/1689, reg. 3(b)