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Work programme
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40. (1) The regulator shall prepare and submit to the Minister a work programme relating to the discharge of its functions in respect of each financial year.
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(2) A work programme shall include—
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(a) the objectives of the regulator for that year, having regard to the strategy statement,
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(b) the strategy of the regulator for achieving the objectives,
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(c) the priorities of the regulator for the year, having regard to the objectives and its available resources, and
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(d) any other matters that the Minister may from time to time specify by direction or guidelines under this section.
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(3) The work programme in respect of the first financial year shall be submitted as soon as practicable after the establishment day.
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(4) The work programme in respect of each subsequent financial year shall be submitted at least 2 months before the beginning of the year.
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(5) The Minister may issue directions or guidelines to the regulator about the preparation of the work programme.
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(6) The regulator shall—
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(a) comply with any directions issued under subsection (5), and
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(b) prepare work programmes in accordance with any guidelines issued under that subsection.
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