SCHEDULES
SCHEDULE 2Investment contracts
PART 2Regulations: general
Regulations for the purposes of investment contracts
6
1
The Secretary of State may by regulations make further provision about or in connection with investment contracts.
2
The provision which may be made by regulations includes, but is not limited to, the provision described in this Schedule.
3
Regulations may—
a
include incidental, supplementary and consequential provision;
b
make transitory or transitional provision or savings;
c
make different provision for different cases or circumstances or for different purposes;
d
make provision subject to exceptions.
4
Regulations are to be made by statutory instrument.
5
An instrument containing regulations of any of the following kinds may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament (in each case, whether or not the regulations also make any other provision)—
a
the first regulations which make provision falling within paragraph 10,
b
the first regulations which make provision falling within paragraph 11, or
c
regulations which make provision falling within any other paragraph of Parts 1 to 3 of this Schedule.
6
Any other instrument containing regulations is subject to annulment in pursuance of a resolution of either House of Parliament.
7
If, but for this sub-paragraph, an instrument containing regulations would be treated for the purposes of the standing orders of either House of Parliament as a hybrid instrument, it is to proceed in that House as if it were not a hybrid instrument.