PART 4General
I467Regulations
1
A power to make regulations under this Act is exercisable by statutory instrument.
2
Regulations under this Act may make different provision for different purposes.
3
Regulations under this Act may—
a
include supplementary, incidental and consequential provision;
b
make transitional provision and savings.
4
Where regulations under this Act are subject to “the affirmative resolution procedure”, the regulations may not be made unless a draft of the statutory instrument containing them has been laid before and approved by a resolution of each House of Parliament.
5
Where regulations under this Act are subject to “the negative resolution procedure”, the statutory instrument containing the regulations is subject to annulment in pursuance of a resolution of either House of Parliament.
6
Any provision that may be made by regulations under this Act subject to the negative resolution procedure may be made by regulations subject to the affirmative resolution procedure.
7
This section does not apply to regulations under section 69.
I368Extent
1
Except as mentioned in subsections (2) to (4), this Act extends to—
a
England and Wales,
b
Scotland, and
c
Northern Ireland.
2
In Part 1—
a
section 33(1) and Schedule 3 extend to England and Wales only;
b
section 33(2) and Parts 1 and 2 of Schedule 4 extend to Scotland only;
3
In Part 2, section 51 extends to England and Wales only.
4
The amendments made by the rest of Part 2 and by Part 3 have the same extent as the provisions amended.
I269Commencement
1
Parts 1 and 2 come into force on such day as the Secretary of State may by regulations appoint.
2
Chapter 1 of Part 3 comes into force on such day as the Treasury may by regulations appoint.
3
Chapter 2 of Part 3 and this Part come into force on the day on which this Act is passed.
4
The Secretary of State may by regulations make transitional or saving provision in connection with the coming into force of any provision of Parts 1 and 2 or this Part.
5
The Secretary of State or the Treasury may by regulations make transitional or saving provision in connection with the coming into force of any provision of Part 3.
6
Regulations under this section may make different provision for different purposes.
7
A power to make regulations under this section is exercisable by statutory instrument.
I170Short title
This Act may be cited as the Economic Crime (Transparency and Enforcement) Act 2022.