Annex 1: Minor changes in the law Change 43: Enactment of regulations: sections 551 to 554, 561 to 568, 573 to 577,and 584 to 598
This change relates to the enactment and revocation of:
	SI 2006/2864: the Real Estate Investment Trusts (Breach of Conditions) Regulations 2006 (except regulation 11);
	SI 2006/2866: the Real Estate Investment Trusts (Joint Ventures) Regulations 2006;
	SI 2007/3425: the Real Estate Investment Trusts (Joint Venture Groups) Regulations 2007; and
	SI 2007/3540: the Real Estate Investment Trusts (Breach of Conditions) (Amendment) Regulations 2007
These regulations were made by the Treasury under sections 114 to 116 and 138 of FA 2006 and sections 973 and 974 of ITA.
The regulation-making powers are not rewritten to the extent that regulations made under them are enacted in this Act. The omission or restriction of the various regulation-making powers means that it is no longer possible to amend by secondary legislation the provisions enacted in this Act.
But some regulation-making powers are retained.
	Section 543(8) (based on section 115(3B) of FA 2006) is a power to specify the criteria to be applied by HMRC in deciding whether a charge under section 543 should be waived.
	Section 554 (based on section 114 of FA 2006) contains powers to provide that a charge does not arise or is reduced if the company takes certain action and for the collection of information.
	Section 600 (based on section 136A of FA 2006) is a power to treat persons as members of a group UK REIT.
This change has no implications for the amount of tax due, who pays it or when. It affects (in principle and in practice) only administrative matters.