154
CurrentDelegation by regulator
Part 8The regulator
Division 1Functions of regulator
154 Delegation by regulator
(1)
The regulator may, by instrument in writing, delegate to any body or person (including a person for the time being holding or acting in a specified office or position) a power or function under this Act.
(2)
A delegation under this section—
(a)
may be made subject to such conditions as the regulator thinks fit; and
(b)
is revocable at will; and
(c)
does not derogate from the power of the regulator to act.
(3)
A power or function delegated under this section may, if the instrument of delegation so provides, be further delegated.
This Act’s bill:Second reading speech
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