45Revocation and amendment of regulations under section 1U.K.
(1)Section 1 includes a power, by further regulations under that section (“new regulations”)—
(a)to revoke any regulations under that section, or
(b)to amend any regulations under that section where the condition in subsection (2) below is met.
(2)The condition referred to in subsection (1)(b) is that the appropriate Minister making the new regulations—
(a)considers that the regulations being amended will, as amended, be sanctions regulations within the meaning given by section 1(5) that are appropriate for the purpose stated in them under section 1(3). F1...
F2(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F3(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F3(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F3(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6)The requirements of section 1(1) and (3)F4... F5... do not apply in relation to regulations made by virtue of this section.
(7)In relation to section 1, this section has effect in place of section 14 of the Interpretation Act 1978 (implied power to revoke and amend).
Textual Amendments
F1Word in s. 45(2)(a) omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 57(4)(a)(i), 69(3)
F2S. 45(2)(b) omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 57(4)(a)(ii), 69(3)
F3S. 45(3)-(5) omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 57(4)(b), 69(3)
F4Words in s. 45(6) omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 57(4)(c), 69(3)
F5Words in s. 45(6) omitted (15.3.2022) by virtue of Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 62(3), 69(3)
Modifications etc. (not altering text)
C1Pt. 1: power to amend conferred (15.3.2022) by Economic Crime (Transparency and Enforcement) Act 2022 (c. 10), ss. 66(1)(a), 69(3)
Commencement Information
I1S. 45 in force at 22.11.2018 by S.I. 2018/1213, reg. 2(b)