Charging orders
3AF1Power to set financial thresholds
1
The Lord Chancellor may by regulations provide that a charge may not be imposed by a charging order for securing the payment of money of an amount below that determined in accordance with the regulations.
2
The Lord Chancellor may by regulations provide that a charge imposed by a charging order may not be enforced by way of order for sale to recover money of an amount below that determined in accordance with the regulations.
3
Regulations under this section may—
a
make different provision for different cases;
b
include such transitional provision as the Lord Chancellor thinks fit.
4
The power to make regulations under this section is exercisable by statutory instrument.
5
The Lord Chancellor may not make the first regulations under subsection (1) or (2) unless (in each case) a draft of the statutory instrument containing the regulations has been laid before, and approved by a resolution of, each House of Parliament.
6
A statutory instrument containing any subsequent regulations under those subsections is subject to annulment in pursuance of a resolution of either House of Parliament.