Section 23A: Parliamentary control in relation to certain orders under section 23

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part II: Regulated And Prohibited Activities

This section applies to the first order made under section 23(1B).

This section also applies to any subsequent order made under section 23(1B) which contains a statement by the Treasury that, in their opinion, the effect (or one of the effects) of the proposed order would be that an activity would become a credit-related regulated activity.

An order to which this section applies may not be made unless a draft of the order has been laid before Parliament and approved by a resolution of each House.

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