' .—(1) The Commission, with the consent of the Treasury, may by transfer regulations under this section, make provision regulating transfers of business under section (Transfer of business to commercial company).
(2) Transfer regulations may, in particular—
(3) The power to make transfer regulations is exercisable by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.
(4) Any terms of a transfer of business to which transfer regulations apply are regulated terms for the purposes of section (Transfer of business to commercial company).'.— [Mr. Ian Stewart.]
Brought up, read the First and Second time, and added to the Bill.