SCHEDULE 1 Interim Power of Secretary of State to Grant Licences

SCHEDULE 1 Interim Power of Secretary of State to Grant Licences

Section 16

1

(1)     Sections 7 to 12 are to have effect with the following modifications until the end of the interim period.

(2)     In this Schedule “the interim period†means the period beginning when this Schedule comes into force and ending with whatever day the Secretary of State specifies by regulations.

(3)     Regulations under this paragraph are subject to the negative procedure.

2

In section 7 (power to grant licences)—

(a)     in subsection (1) for “economic regulator†substitute “Secretary of Stateâ€;

(b)     after subsection (2) insert—

“(3)

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