Regulation

Treasury written question – answered on 19th June 2012.

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Photo of Gordon Banks Gordon Banks Labour, Ochil and South Perthshire

To ask the Chancellor of the Exchequer how many regulations his Department has repealed between 1 February 2012 and 31 May 2012; and if he will estimate the potential savings to those affected in each case.

Photo of Chloe Smith Chloe Smith The Economic Secretary to the Treasury

Between 1 February 2012 and 31 May 2012 HM Treasury repealed the following Statutory Instruments:

(1) Trading with the Enemy (Transfer of Negotiable Instruments, etc. (France and Monaco) Order, 1945

(2) Trading with the Enemy (Transfer of Negotiable Instruments, etc. (Belgium and Luxembourg) Order, 1945

(3) Trading with the Enemy (Transfer of Negotiable Instruments, etc. (Denmark) Order, 1945

(4) Trading with the Enemy (Transfer of Negotiable Instruments, etc. (Finland) Order, 1945

(5) Trading with the Enemy (Transfer of Negotiable Instruments, etc. (Greece) Order, 1945

(6) Trading with the Enemy (Transfer of Negotiable Instruments, etc. (Italy) Order, 1945

(7) Trading with the Enemy (Transfer of Negotiable Instruments, etc. (Netherlands) Order, 1945

(8) Trading with the Enemy (Transfer of Negotiable Instruments, etc (Czechoslovakia) Order , 1945

(9) Trading with the Enemy (Transfer of Negotiable Instruments, etc (Yugoslavia) Order, 1945

(10) Trading with the Enemy (Transfer of Negotiable Instruments, etc.) (Siam) Order, 1946

(11) Trading with the Enemy (Transfer of Negotiable Instruments, etc.) Order, 1946

(12) Trading with the Enemy (Transfer of Negotiable Instruments, etc.) (No. 2) Order, 1946

(13) Trading with the Enemy (Transfer of Negotiable Instruments, etc.) (Poland) Order, 1946

(14) Trading with the Enemy (Transfer of Negotiable Instruments, etc.) (Hungary) Order, 1946

(15) Trading with the Enemy (Transfer of Negotiable Instruments, etc.) (Romania) Order, 1947

(16) Trading with the Enemy (Transfer of Negotiable Instruments, etc.) (General) Order, 1947

(17) Trading with the Enemy (Transfer of Negotiable Instruments, etc.) (Austria) Order, 1947

(18) Trading with the Enemy (Transfer of Negotiable Instruments, etc.) (Germany) Order, 1949

(19) Trading with the Enemy (Transfer of Negotiable Instruments, etc.) (Japan) Order, 1950

(20) Trading with the Enemy (Transfer of Negotiable Instruments, etc.) (Germany) Order, 1952

(21) Iran (European Union Financial Sanctions) Regulations 2010

(22) Iran (European Union Financial Sanctions (Amendment) Regulations 2012

Since the One In One Out system has been in operation HM Treasury has saved business £26.46 million per annum in regulatory costs, within the scope of the policy. Statements of HM Treasury's regulatory and deregulatory measures are published every six months on our website.

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