PART 8Final provisions
143Orders and regulations: Parliamentary control
1
A statutory instrument containing an order or regulations under this Act is subject to annulment in pursuance of a resolution of either House of Parliament, unless—
a
the instrument contains only provision made under section 148 (commencement), or
b
the instrument is required by subsection (3) or any other enactment to be laid in draft before, and approved by a resolution of, each House.
2
Subsection (3) applies to a statutory instrument that contains (with or without other provisions)—
a
regulations under section 7 (building societies: power to make provision about ring-fencing);
F1aa
regulations under section 41(2C) (meaning of “digital settlement asset”);
b
an order under section 41(4) (meaning of “payment system”);
F2ba
regulations under section 102B (matters to consider when imposing generally applicable requirements);
bb
regulations under section 104F (power to require imposition of generally applicable requirements);
c
an order under section 145 (power to make further consequential amendments) that amends or repeals primary legislation;
d
an order under paragraph 6 of Schedule 6 (conduct of FMI administration).
3
A statutory instrument to which this subsection applies may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.
4
In subsection (2)(c) “primary legislation” means—
a
an Act of Parliament,
b
an Act of the Scottish Parliament,
c
a Measure or Act of the National Assembly for Wales, or
d
Northern Ireland legislation.