Section 133N | Powers to amend ^F1

(1)The Treasury may by regulations make such amendments of sections 133A to 133L as they consider appropriate in consequence of—^F1

(a)any change made to, or replacement of, the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) or the Financial Services and Markets Act 2000 (PRA-regulated Activities) Order 2013 (S.I. 2013/556) (or any replacement);^F1

(b)any change made to, or replacement of, the FCA Handbook or the PRA Handbook (or any replacement);^F1

(c)any regulatory requirement, or change to any regulatory requirement, imposed by EU legislation, or by or under any Act (whenever adopted, enacted or made).^F1

(2)The Treasury may by regulations—^F1

(a)amend sections 133A(1) and 133C for the purpose of varying the class of expenses to which section 133A(1) applies;^F1

(b)amend section 133D for the purpose of adding cases to those for the time being listed in subsection (1) of that section;^F1

(c)amend section 133D for any other purpose;^F1

(d)amend any of sections 133E to 133I;^F1

(e)amend section 133M.^F1

(3)Regulations under this section may include transitional provision.^F1

(3A)Regulations under this section made on or before 30 June 2022 may have retrospective effect in relation to any time on or after 1 January 2022.^F1F2

(4)A statutory instrument containing only regulations under subsection (1) or (2)(b) is subject to annulment in pursuance of a resolution of the House of Commons.^F1

(5)Any other statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of the House of Commons.^F1

(6)In this section—^F1

“the FCA Handbook” means the Handbook made by the Financial Conduct Authority under FISMA 2000 (as that Handbook has effect from time to time);

“the PRA Handbook” means the Handbook made by the Prudential Regulation Authority under FISMA 2000 (as that Handbook has effect from time to time).