The Secretary of State must issue a code of practice—
specifying the factors that the Secretary of State will consider when deciding whether to apply for a freezing order under section 40C(2),
outlining the arrangements for keeping a freezing order under review for the purpose of deciding whether to apply under section 40D(6) for its variation or discharge, and
specifying the factors that the Secretary of State will consider when deciding whether to make such an application.
The Secretary of State must from time to time review the code and may revise and re-issue it following a review.
The code (or revised code)—
may not be issued unless a draft has been laid before Parliament, and
comes into force in accordance with provision contained in regulations made by the Secretary of State.