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Delegation of functions
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29. (1) The regulator may delegate the performance of any of its functions, other than an enforcement function, to—
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(a) a member of the regulator,
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(b) a member of staff of the regulator (including the chief executive), or
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(c) a committee.
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(2) The regulator shall delegate the performance of its enforcement functions to the chief executive.
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(3) The chief executive may sub-delegate an enforcement function to a member of staff of the regulator.
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(4) The regulator shall make arrangements to ensure that the chief executive or another member of staff to whom an enforcement function of the regulator is delegated under this section is independent in the performance of that function.
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