Companies (Auditing and Accounting) Act 2003

Laying of other regulations before Oireachtas.

50.—(1) The Minister shall ensure that a regulation made under this Act, other than one to which section 49 applies, is laid before each House of the Oireachtas as soon as practicable after it is made.

(2) Either House of the Oireachtas may, by a resolution passed within 21 sitting days after the day on which the regulation is laid before it, annul the regulation.

(3) The annulment of a regulation under subsection (2) takes effect immediately on the passing of the resolution concerned, but does not affect the validity of anything done under the regulation before the passing of the resolution.