Part 6: Miscellaneous Section 116: Regulations under section 115
This section specifies that the power to make regulations under section 115 is exercisable only with the consent of the Treasury and after the Secretary of State has consulted the following: the Pensions Regulator; BT plc; the Trustee of the BT Pension Scheme; any transferee or successor to which the regulations apply; and any other appropriate persons. A statutory instrument containing regulations under section 115 may not be made unless a draft has been laid before and approved by both Houses of Parliament.