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(1)Regulations under this Part may—
(a)make different provision for different cases (including different provision for pension schemes of different descriptions);
(b)provide for a person to exercise a discretion in dealing with any matter;
(c)amend Acts (as well as other enactments);
(d)have retrospective effect.
(2)Regulations under this Part must be made by statutory instrument.
(3)A statutory instrument containing regulations under this Part which amend an Act may not be made unless a draft of the instrument has been laid before, and approved by resolution of, each House of Parliament.
(4)A statutory instrument containing any other regulations under this Part is subject to annulment in pursuance of a resolution of either House of Parliament.
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