8 Non-executive functions

Non-executive functions

8  Non-executive functions

(1)     The functions listed in subsection (4) (in this Part referred to as “the non-executive functions”) are functions of the Regulator.

(2)     The Regulator must establish a committee to discharge the non-executive functions on its behalf.

(3)     Only non-executive members of the Regulator may be members of the committee.

(4)     The non-executive functions are—

(a)     the duty to keep under review the question whether

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