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(1)The Secretary of State may by regulations amend, or modify the effect of, corporate insolvency or governance legislation so as to—
(a)change the conditions that must be met before a corporate insolvency or restructuring procedure applies to entities of any description (whether by adding, varying or removing any condition),
(b)change the way in which a corporate insolvency or restructuring procedure applies in relation to entities of any description, or
(c)change or disapply any duty of a person with corporate responsibility or the liability of such a person to any sanction.
(2)Regulations under this section may—
(a)make different provision for different purposes;
(b)make provision binding the Crown.
(3)Regulations under this section must be made in accordance with sections 21 to 26.
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