In this Part "qualifying authorised person" means an authorised person satisfying the following conditions.
Condition A is that the authorised person is a body corporate incorporated in the United Kingdom.
Condition B is that the authorised person is—
The Treasury may by order—
Except as provided by subsection (6), an order under subsection (4) is not to be made unless a draft of the order has been laid before Parliament and approved by a resolution of each House.
An order under subsection (4) may be made without a draft having been laid and approved as mentioned in subsection (5) if the order contains a statement that the Treasury are of the opinion that, by reason of urgency, it is necessary to make the order without a draft being so laid and approved.
An order under subsection (4) made in accordance with subsection (6)—
The "relevant period" is a period of 28 days beginning with the day on which the order is made.
In calculating the relevant period no account is to be taken of any time during which Parliament is dissolved or prorogued or during which both Houses are adjourned for more than 4 days.