Section 2D(1)

Subsection (2) applies to an order under section 22A which— is made at any time after the coming into force of the first order under that section, and contains a statement by the Treasury that, in their opinion, the effect (or one of the effects) of the proposed order is that an activity would become a PRA-regulated activity.

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Source: legislation.gov.uk · retrieved 2026-09-04