Part 4Money purchase benefits
33Regulations
(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.