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Change 1
As published
185 Consultations about other regulations.
(1) Subject to subsection (2), before the Secretary of State makes any regulations for the purposes of Parts I to VI, Chapter ... III of Part VII, Part VIII, IX or X or section 153, 154, 155, 156, 160, 162, 163, 174 or 175 of this Act he shall consult such persons as he may consider appropriate.
(2) Subsection (1) does not apply to—
(a) regulations prescribing actuarial tables; or
(b) regulations made for the purpose only of consolidating other regulations revoked by them; or
(c) regulations under section 36(6).
(d) regulations in the case of which the Secretary of State considers consultation inexpedient because of urgency, or
(e) regulations which—
(i) state that they are consequential upon a specified enactment, and
(ii) are made before the end of the period of six months beginning with the coming into force of that enactment,
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) In relation to any regulations required or authorised under this Act to be made by the Secretary of State in conjunction with the Treasury, any reference in subsection (1) to the Secretary of State shall be construed as a reference to him and the Treasury acting jointly.
(5A) Subject to subsection (5C), before the Treasury (acting alone) make any regulations under section 95, 97A or 97C they shall consult such persons as they may consider appropriate.
(5B) Subject to subsection (5C), before the Scottish Ministers make any regulations under section 97B(11) they shall consult such persons as they may consider appropriate.
(5C) Subsections (5A) and (5B) do not apply to regulations in the case of which the Treasury or (as the case may be) the Scottish Ministers consider consultation inexpedient because of urgency or to regulations of the type described in subsection (2)(b) or (e).
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(7) The power of the Secretary of State to make regulations under section 162 of this Act shall be exercisable only after consultation with the appropriate regulator or, if the matter concerns section 464 of the Income and Corporation Taxes Act 1988, the Commissioners of the Inland Revenue.
(7A) “The appropriate regulator” means—
(a) where the group insurance business to which the regulations relate consists only of activities which are PRA-regulated activities, the Prudential Regulation Authority,
(b) where the group insurance business to which the regulations relate consists partly of activities which are PRA-regulated activities and partly of other regulated activities, the Prudential Regulation Authority and the Financial Conduct Authority, or
(c) in any other case, the Financial Conduct Authority.
(7B) In subsection (7A) “regulated activities” and “PRA-regulated activities” have the same meaning as in the Financial Services and Markets Act 2000.
(8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Your change, as a redline
185 Consultations about other regulations.
(1) Subject to subsection (2), before the Secretary of State makes any regulations for the purposes of Parts I to VI, Chapter ... III of Part VII, Part VIII, IX or X or section 153, 154, 155, 156, 160, 162, 163, 174 or 175 of this Act he shall consult such persons as he may consider appropriate.
(2) Subsection (1) does not apply to—
(a) regulations prescribing actuarial tables; or
(b) regulations made for the purpose only of consolidating other regulations revoked by them; or
(c) regulations under section 36(6).
(d) regulations in the case of which the Secretary of State considers consultation inexpedient because of urgency, or
(e) regulations which—
(i) state that they are consequential upon a specified enactment, and
(ii) are made before the end of the period of six months beginning with the coming into force of that enactment,
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) In relation to any regulations required or authorised under this Act to be made by the Secretary of State in conjunction with the Treasury, any reference in subsection (1) to the Secretary of State shall be construed as a reference to him and the Treasury acting jointly.
(5A) Subject to subsection (5C), before the Treasury (acting alone) make any regulations under section 95, 97A or 97C they shall consult such persons as they may consider appropriate.
(5B) Subject to subsection (5C), before the Scottish Ministers make any regulations under section 97B(11) they shall consult such persons as they may consider appropriate.
(5C) Subsections (5A) and (5B) do not apply to regulations in the case of which the Treasury or (as the case may be) the Scottish Ministers consider consultation inexpedient because of urgency or to regulations of the type described in subsection (2)(b) or (e).
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(7) The power of the Secretary of State to make regulations under section 162 of this Act shall be exercisable only after consultation with the appropriate regulator or, if the matter concerns section 464 of the Income and Corporation Taxes Act 1988, the Commissioners of the Inland Revenue.
(7A) “The appropriate regulator” means—
(a) where the group insurance business to which the regulations relate consists only of activities which are PRA-regulated activities, the Prudential Regulation Authority,
(b) where the group insurance business to which the regulations relate consists partly of activities which are PRA-regulated activities and partly of other regulated activities, the Prudential Regulation Authority and the Financial Conduct Authority, or
(c) in any other case, the Financial Conduct Authority.
(7B) In subsection (7A) “regulated activities” and “PRA-regulated activities” have the same meaning as in the Financial Services and Markets Act 2000.
(8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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