Source: British Parliament News
08 May 2019
On Tuesday 7 May, the House of Lords examined a statutory instrument preparing for Brexit.
A statutory instrument (SI), a type of secondary legislation, is a law created under powers given by an Act of Parliament. It is used to fill in the details of Acts (primary legislation).
The proposed SI makes changes to the law on financial services.
The Brexit SI under examination on Tuesday 7 May was made under the EU (Withdrawal) Act 2018 and provides changes to the law to be made in the event of the UK leaving the EU without a withdrawal agreement.
This SI is made under the draft affirmative procedure, meaning it needs to be approved by both Houses of Parliament before it can be made (signed into law) and brought into effect as law. Draft affirmative SIs can be stopped if either House votes against the government’s motion calling for the SI to be approved.
The House of Lords Secondary Legislation Scrutiny Committee (SLSC) examines every SI, including all EU Exit SIs. It publishes reports drawing members’ attention to SIs.