1 - Source of Law

• Subordinate legislation has five  notable functions:

  1.        It expands upon the basic rules found within an Act of Parliament

  2.        It is used to bring parts of Acts of Parliament into force in the form of Commencement Regulations

  3.        It can be used to amend existing legislation (including Acts of Paliament)

  4.        It was often used to implement EU law

  5.        It can empower certain persons or bodies to create law (e.g. Secretary of State for BEIS)
• BEIS is the Department for Business, Energy and Industrial Strategy
• The UK Corporate Governance Code operates on a comply or explain basis
• The Wates Principles operate on an apply and explain basis.
• The Right of Establishment under EU Law is the right of EU nationals to establish a business anywhere in the EU.