The power to make regulations under section 115 is exercisable by statutory instrument.
That power is exercisable by the Secretary of State only with the consent of the Treasury.
A statutory instrument containing regulations under that section may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.
Before making regulations under that section the Secretary of State must consult—
the Pensions Regulator;
BT plc;
the trustees of the BT Pensions Scheme;
any transferee or successor to which the regulations apply;
any other persons the Secretary of State considers it appropriate to consult.