PART 2 Amendment of the European Venture Capital Funds Regulation

Transitional and final provisions

6.—(1) For Article 25 substitute—

“Article 25

1.   Any power to make regulations conferred on the Treasury by this Regulation is exercisable by statutory instrument.

2.   Such regulations may—

(a) contain incidental, supplemental, consequential and transitional provision; and

(b) may make different provision for different purposes.

3.   A statutory instrument containing regulations made under this Regulation is subject to annulment in pursuance of a resolution of either House of Parliament.”.

(2) Omit Articles 26 and 27.

(3) After Article 28, omit “This Regulation shall be binding in its entirely and directly applicable in all Member States”.