Legislative and Regulatory Reform Act 2006

Legislative and Regulatory Reform Act 2006

2006 CHAPTER 51

Commentary on Sections

Part 2: Regulators

Exercise of regulatory functions

Section 23: Code of Practice: procedure

122. This section sets out the procedure which the Minister must follow when he proposes to issue or revise a Code of Practice.

123. Subsection (2) requires the Minister, when preparing the draft Code, to seek to secure that it is consistent with the principles set out in section 21. This is to avoid discrepancies between the principles and the Code, which could cause difficulties for regulators who are under a duty to have regard to both.

124. The Minister must consult the persons listed in subsection (3) about the draft Code. The draft Code must be laid before Parliament and can be issued by the Minister if it is approved by a resolution of each House of Parliament. While the Code is not itself a statutory instrument, it must be brought into force by a statutory instrument as set out in subsection (6). (The statutory instrument is not subject to any procedural requirements.)