(1) The Treasury may by regulations make provision for the enforcement of obligations imposed by or under -
(a) a share transfer order,
(b) a share transfer instrument,
(c) a property transfer instrument, or
(d) a resolution instrument.
(2) Regulations -
(a) may confer jurisdiction on a court or tribunal;
(b) may not impose a penalty or create a criminal offence;
(c) may make provision which has effect in respect of an order or instrument only if applied by the order or instrument.
(3) Regulations -
(a) shall be made by statutory instrument, and
(b) shall be subject to annulment in pursuance of a resolution of either House of Parliament.