Commencement
Section 49(5) sets out that the provisions of the Act, other than those listed in subsections (1) to (4), will commence on the day appointed by HM Treasury by regulations. Subsection (1) lists provisions which will commence on Royal Assent and subsection (2) lists provisions which will commence two months after Royal Assent. Subsection (4) makes provision for section 32 to be commenced on the day appointed by either HM Treasury or the Secretary of State by regulations.