Legislation
In this lesson, you'll learn how legislation is created and passed through Parliament, plus the key differences between primary and delegated legislation. This is essential knowledge for understanding the legal framework that underpins business and corporate law across ACCA and CIMA qualifications.
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In this lesson
- 0:00 Introduction to legislation and Parliament
- 1:19 Delegated legislation and parliamentary sovereignty
- 2:33 How judges interpret Acts of Parliament
- 4:21 The legislative process: green and white papers
- 5:31 Five stages of passing legislation explained
- 8:56 Types of delegated legislation and examples
- 12:11 Advantages and disadvantages of delegated legislation
- 13:37 Controls and scrutiny of delegated legislation
About this lesson
You'll explore how Parliament—comprising the House of Commons, House of Lords, and the monarch—creates law, and the doctrine of parliamentary sovereignty that allows current Parliament to amend or repeal any previous legislation. The lesson walks you through the five stages of the legislative process: first reading, second reading, committee stage, report stage, and third reading, explaining what happens at each point and why the process matters for exam questions. The second half covers delegated legislation (secondary legislation), which includes statutory instruments, bylaws, orders in council, and professional regulations. You'll understand why delegated legislation exists—to save Parliament time and allow specialists to add detail to broad Acts—and the practical controls in place to prevent misuse, including the 40-day rule, judicial review, and the ability to declare delegated legislation ultra vires (beyond legal power). This distinction between primary and delegated legislation is critical for Corporate and Business Law and will help you grasp how real-world regulation actually works.
Duration: 16m
Transcript
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