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| (a) | must be made as soon as is reasonably practicable after the passing |
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| (b) | may make such consequential, incidental, supplemental or |
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| transitional provision as the Secretary of State considers |
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| (5) | A statutory instrument containing regulations under this section is subject |
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| to annulment in pursuance of a resolution of either House of Parliament. |
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| (6) | In this section “occupational pension scheme”, “qualifying member”, |
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| “qualifying pension scheme” and “scheme manager” have the same |
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| meanings as in section 286 of the Pensions Act 2004 (c. 35).” |
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22C | Page 26, line 36, at end insert “and section (Temporary restriction on purchase of |
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22D | Page 27, line 10, at end insert “and section (Temporary restriction on purchase of |
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28 | Insert the following new Clause— |
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| “Post-legislative scrutiny |
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| Four years after the passing of this Act the Secretary of State shall arrange |
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| for post-legislative scrutiny of this Act to check on its operation and may |
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| arrange subsequent scrutiny.” |
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| COMMONS DISAGREEMENT AND REASON |
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| The Commons disagree to Lords Amendment No. 28 for the following Reason— |
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28A | Because the Commons consider that imposing an obligation on the Secretary of State to |
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| arrange for post-legislative scrutiny is unnecessary. |
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E | Lord McKenzie of Luton to move, That this House do not insist on its Amend |
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| ment 28 to which the Commons have disagreed for their Reason 28A, but do pro |
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| pose the following amendments in lieu thereof— |
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28B | Insert the following new Clause— |
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| | “Review of operation of Act |
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| (1) | The Secretary of State must, before the end of 2017, prepare a report on the |
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| operation of the provisions of this Act. |
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| (2) | The Secretary of State may prepare subsequent reports on the operation of |
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| the provisions of this Act. |
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| (3) | The Secretary of State must lay a copy of any report prepared under this |
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| section before Parliament.” |
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28C | Page 26, line 38, at end insert— |
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| “( ) | But section (Review of operation of Act) extends to Northern Ireland in |
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| accordance with subsection (1) only as respects the provisions of this Act |
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E1 | Lord Fowler to move, as an amendment to Motion E, leave out from “House” to |
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| end and insert “do insist on its Amendment 28”. |
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