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Financial Services Act 1986
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- UK Public General Acts
- 1986 c. 60
- PART X
- Section 205
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205Regulations, rules and orders
(1)The Secretary of State may make regulations prescribing anything which by this Act is authorised or required to be prescribed.
(2)Subject to subsection (5) below, any power of the Secretary of State to make regulations, rules or orders under this Act shall be exercisable by statutory instrument.
(3)Subject to subsection (5) below, any regulations, rules or orders made under this Act by the Secretary of State may make different provision for different cases.
(4)Except as otherwise provided, a statutory instrument containing regulations or rules under this Act shall be subject to annulment in pursuance of a resolution of either House of Parliament.
(5)Subsections (2) and (3) above do not apply to a recognition order, an order declaring a collective investment scheme to be an authorised unit trust scheme or a recognised scheme or to an order revoking any such order.
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