Economic Crime (Transparency and Enforcement) Bill – in the House of Commons at 9:34 pm on 7 March 2022.
“(1) An appropriate Minister (within the meaning of the 2018 Act) may by regulations make provision that the Minister considers to be consequential on this Chapter amending—
(a) Part 1 or 3 of the 2018 Act, or
(b) regulations made under Part 1 of that Act.
(2) A statutory instrument containing (whether alone or with other provision) regulations under this section that amend or repeal any provision of Part 1 or 3 of the 2018 Act is subject to the affirmative resolution procedure.
(3) Any other statutory instrument containing regulations under this section is subject to the negative resolution procedure.”—(Paul Scully.)
This new clause would appear instead of NC40. It is substantially the same as NC40 but refers in subsection (2) to Part 3 of the Sanctions and Anti-Money Laundering Act 2018 as well as to Part 1. This new clause would therefore allow an appropriate Minister to make consequential amendments to Parts 1 and 3 of the 2018 Act and regulations made under Part 1 of that Act; and amendments to Parts 1 and 3 would be subject to the affirmative resolution procedure (whereas in NC40 only amendments to Part 1 would be subject to that procedure and amendments to Part 3 would be subject to negative resolution).
Brought up, and added to the Bill.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
Ministers make up the Government and almost all are members of the House of Lords or the House of Commons. There are three main types of Minister. Departmental Ministers are in charge of Government Departments. The Government is divided into different Departments which have responsibilities for different areas. For example the Treasury is in charge of Government spending. Departmental Ministers in the Cabinet are generally called 'Secretary of State' but some have special titles such as Chancellor of the Exchequer. Ministers of State and Junior Ministers assist the ministers in charge of the department. They normally have responsibility for a particular area within the department and are sometimes given a title that reflects this - for example Minister of Transport.
