F1PART 9BRing-fencing

Introductory

142FOrders under section 142A, 142B, 142D or 142E

(1)

An order made under section 142A, 142B, 142D or 142E may—

(a)

authorise or require the making of rules by a regulator for the purposes of, or for purposes connected with, any provision of the order;

(b)

authorise the making of other instruments by a regulator for the purposes of, or for purposes connected with, any provision of the order;

(c)

refer to a publication issued by a regulator, another body in the United Kingdom or an international organisation, as the publication has effect from time to time.

(2)

If the order confers powers on a regulator or authorises or requires the making of rules or other instruments by a regulator, the order may also—

(a)

impose conditions on the exercise of any power conferred on the regulator;

(b)

impose consultation requirements on the regulator;

(c)

make the exercise of a power by the regulator subject to the consent of the Treasury.