(1) The Secretary of State and the Treasury may by order made jointly -
(a) provide for an enactment about insolvency to apply to bank insolvency (with or without specified modifications);
(b) amend, or modify the application of, an enactment about insolvency in consequence of this Part.
(2) An order under subsection (1) -
(a) shall be made by statutory instrument, and
(b) may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.