161 Approval of first guidance about regulatory action
161 Approval of first guidance about regulatory action

(1)     When the first guidance is produced under section 160(1)—

(a)     the Commissioner must submit the final version to the Secretary of State, and

(b)     the Secretary of State must lay the guidance before Parliament.

(2)     If, within the 40-day period, either House of Parliament resolves not to approve the guidance—

(a)     the Commissioner must not issue the guidance, and

(b)     the Commissioner must produce another version of the guidance (and this section applies to that version).

(3)     If, within the 40-day period, no such resolution is made—

(a)     the Commissioner must issue the guidance, and

(b)     the guidance comes into force at

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