PART 7

Offences relating to financial services

Affirmative procedure for certain orders
94
1
This section applies to the first order made under section 93.
2
This section also applies to any subsequent order made under that section which contains a statement by the Treasury that the effect of the proposed order would include one or more of the following—
a
that an activity which is not specified for the purposes of subsection (3)(a) of that section would become one so specified,
b
that an investment which is not a relevant investment would become a relevant investment;
c
that a benchmark which is not a relevant benchmark would become a relevant benchmark.
3
A statutory instrument containing (alone or with other provisions) an order to which this section applies may not be made unless a draft of the instrument has been laid before Parliament and approved by a resolution of each House.
S. 94 in force at 24.1.2013 by S.I. 2013/113, art. 2(1)(a), Sch. Pt. 1