Part 2: Pensions and Banking (Special Provisions) Act 2008 Bodies Section 119: Regulations
Section 119(1) provides that the Treasury must consult the relevant trustees before making:
regulations under section 99 which establish a new public scheme or transfer qualifying accrued rights to the new scheme; or
regulations under section 103 which make provision for the transfer of assets and liabilities.
	Section 119(2) defines "the relevant trustees" as the trustees of the BBS Pension Scheme, where the regulations would affect members or survivors of members of the BBS Pension Scheme and the trustees of the NRAM Scheme, where the regulations would affect members or survivors of members of the NRAM Pension Scheme.
	Section 119(3) provides that regulations made under section 99 are subject to the affirmative procedure if:
those regulations are subject to the consent requirements under section 96(1)(a) and (2); or
the provisions of those regulations have retrospective effect.
	Section 119(4) provides that regulations under section 118(1) are subject to the affirmative procedure if they make provision about the amount of a financial penalty.
	Section 119(5) provides that a statutory instrument containing regulations under section 105 is subject to annulment in pursuance of a resolution of the House of Commons.
	Section 119(6) provides that any other regulations made under this Part of the Act are subject to the negative procedure.