PART 6

Miscellaneous

Guarantee of pension liabilities under Telecommunications Act 1984

Regulations under section 115
116
1
The power to make regulations under section 115 is exercisable by statutory instrument.
2
That power is exercisable by the Secretary of State only with the consent of the Treasury.
3
A statutory instrument containing regulations under that section may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.
4
Before making regulations under that section the Secretary of State must consult—
a
the Pensions Regulator;
b
BT plc;
c
the trustees of the BT Pensions Scheme;
d
any transferee or successor to which the regulations apply;
e
any other persons the Secretary of State considers it appropriate to consult.