PART 2Partnerships
CHAPTER 1Limited partnerships etc.
Regulations
I1151Limited partnerships: regulations
After section 37 of the Limited Partnerships Act 1907 (inserted by section 148 of this Act) insert—
Regulations
38Regulations
1
A power to make regulations under any provision of this Act includes power to make—
a
consequential, supplementary, incidental, transitional or saving provision;
b
different provision for different purposes.
2
Regulations made by the Secretary of State under this Act are to be made by statutory instrument.
3
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.
4
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.
5
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.