SCHEDULES
SCHEDULE 22Offshore funds
Part 1Meaning of “offshore fund”
5FA 2008
After that section insert—
42ARegulations: procedure
1
Regulations under this group of sections are to be made by statutory instrument.
2
The following regulations may not be made unless a draft of the instrument containing them has been laid before, and approved by a resolution of, the House of Commons—
a
regulations under section 40B(6),
b
regulations under section 40G(1), and
c
the first regulations under section 41(1).
3
A statutory instrument containing any other regulations under this group of sections is subject to annulment in pursuance of a resolution of the House of Commons, unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.