The Secretary of State makes the following Regulations, except regulations 2 and 7 so far as they relate to Northern Ireland and regulations 11(3) and 18, in exercise of the powers conferred by section 112(1) and (2) of the Deregulation Act 20151 and section 159(1), (2) and (9) and 161(2) and (6) of the Small Business, Enterprise and Employment Act 20152.

The Treasury make—

regulation 2, so far as it relates to Northern Ireland, in exercise of the powers conferred by section 104(1), (2)(d) and (6) of the Building Societies Act 19863; and

regulation 7, so far as it relates to Northern Ireland, and regulations 11(3) and 18, which relate to Northern Ireland, in exercise of the powers conferred by section 2(2) of the European Communities Act 19724.

The Treasury are designated5 for the purposes of the European Communities Act 1972 in relation to financial services.

A draft of these Regulations has been laid before Parliament and approved by a resolution of each House of Parliament in accordance with paragraph 2(2) of Schedule 2 to the European Communities Act 1972, section 104(5) of the Building Societies Act 1986, section 112(3) of the Deregulation Act 2015 and sections 159(3) and 161(4) of the Small Business, Enterprise and Employment Act 2015.