31 Performance targets and monitoring

Performance targets

31  Performance targets and monitoring

(1)     The Board may—

(a)     set one or more performance targets relating to the performance by an approved regulator of any of its regulatory functions, or

(b)     direct an approved regulator to set one or more performance targets relating to the performance by the approved regulator of any of its regulatory functions,

if the Board is satisfied that the conditions in subsection (2) are satisfied.

(2)     Those conditions are—

(a)     that an act or omission of the approved regulator

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