HL Deb 13 November 1989 vol 512 c1088

272 After Clause 152, insert the following new Clause —

'Power to make further provision by regulations

(1) The Secretary of State may by regulations make such further provision as appears to him necessary or expedient for the purposes of this Part.

(2) Provision may, in particular, be made —

  1. (a) for integrating the provisions of this Part with the general law of insolvency, and
  2. (b) for adapting the provisions of this Part in their application to overseas investment exchanges and clearing houses.

(3) Regulations under this section may add to, amend or repeal any of the provisions of this Part or provide that those provisions have effect subject to such additions, exceptions or adaptations as are specified in the regulations.'.

Lord Trefgarne

My Lords, I beg to move that the House do agree with the Commons in their Amendment No. 272.

Moved, That the House do agree with the Commons in the said amendment. —(Lord Trefgarne.)