A statutory instrument containing regulations that amend or repeal an
enactment contained in an Act may not be made unless a draft has been laid
before, and approved by resolution of, the House of Commons.
Subject to that, a statutory instrument containing regulations is subject to
annulment in pursuance of a resolution of the House of Commons (unless a
draft of the statutory instrument has been approved by resolution of the
In this Schedule, a reference to a person other than the Treasury includes a
a body corporate established by or under regulations, and
a company formed under the Companies Acts.
For the purposes of sub-paragraph (1)(b), it does not matter—
whether a company is formed specially in connection with the
raising of money through alternative finance arrangements,
whether a company is formed by the Treasury, or
whether a company is independent of the Treasury.