1727.Subsection (1) provides for commencement on Royal Assent of Part 43 (except for a definition not yet in force) and of sections 1274 and 1276, so that the provisions on transparency obligations and related matters, those conferring a statutory immunity from liability in damages in relation to the oversight of the actuarial profession and those relating to the extension of provisions of the C(AICE) Act 2004 to Scotland and Northern Ireland came into force on that date (8 November 2006). It also provides for Parts 46 (general supplementary provisions) and this Part to come into force on Royal Assent, except for the repeals Schedule.
1728.Subsection (2) provides for the Secretary of State or the Treasury to appoint by order the timing of commencement of the other provisions of the Act.