Part 4Miscellaneous

Lord President’s functions under Parts 1 and 2: rule-making power

95Lord President’s functions under Parts 1 and 2: rule-making making power

(1)

The Lord President may make rules in connection with the exercise of the Lord President’s functions under Part 1 or 2 of this Act.

(2)

Before making rules under subsection (1), the Lord President must consult—

(a)

the independent advisory panel of the Commission, and

(b)

each category 1 and category 2 regulator.

(3)

Rules under subsection (1) may in particular require each category 1 and category 2 regulator to maintain a list of—

(a)

its regulatory functions, and

(b)

the requirements imposed on it under this Act or any other enactment.

(4)

Rules under subsection (1)

(a)

may make different provision for different purposes,

(b)

are to be published in such manner as the Lord President may determine.