68 Regulatory conflict and the Board as approved regulator

68  Regulatory conflict and the Board as approved regulator

(1)     An approved regulator may make a request under subsection (4) if it considers that the regulatory arrangements of the Board (in its capacity as an approved regulator) do not make appropriate provision to prevent a conflict between—

(a)     a requirement of those regulatory arrangements, and

(b)     a requirement of the regulatory arrangements of the approved regulator.

(2)     An affected person in relation to an approved regulator may request the approved regulator to exercise its powers under subsection (1).

(3)     An affected person in relation to the Board may make a request under subsection (4) if the person considers that the regulatory arrangements of the Board (in its capacity as an approved regulator) do not make appropriate provision to prevent a conflict between—

(a)     a requirement of those regulatory arrangements, and

(b)

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