Part 3: General Section 55: Parliamentary procedure for regulations
This section lays out the Parliamentary procedures to be used for regulations made under the Act. Regulations would be made using three types of procedure.
	Sanctions regulations made under section 1 which do not deal with the implementation of UN Security Council resolutions, and which are not mentioned in paragraph 136 below, will use the made-affirmative procedure. This procedure ensures that the regulations are able to come into force immediately, to prevent asset flight, but still requires Parliament to approve the regulations. The regulations will cease to have effect if both Houses of Parliament have not voted to approve them within 28 days of them being laid. The made-affirmative procedure also applies to money-laundering regulations (made under section 49) that make new provision about high-risk countries.
	Regulations which repeal, revoke or amend any provision of primary legislation, or which authorise sanctions not covered by Chapter 1 (under section 47), or which set out procedures to deal with immigration decisions (under section 48), and money laundering regulations not mentioned in paragraph 135 above, will be subject to the draft-affirmative procedure. This procedure requires the approval of both Houses before the regulations can come into force.
	Other regulations, except those dealing with commencement, will be subject to the negative procedure. Such regulations will remain in force unless either of the Houses annuls the regulations by passing a resolution against them.