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Change 1
As published
3B Regulatory committee
(1) The Council must, for the purpose mentioned in subsection (2)—
(a) arrange under section 3A(1)(a) for their regulatory functions to be exercised on their behalf by a regulatory committee, and
(b) ensure that the committee continues so to exercise those functions (in particular, for the discharge of the Council's responsibility as mentioned in section 3A(9)(a)).
(2) The purpose is of ensuring that the Council's regulatory functions are exercised—
(a) independently of any other person or interest,
(b) properly in other respects (in particular, with a view to achieving public confidence).
(3) Accordingly, the Council must not—
(a) exercise their regulatory functions through any other means, or
(b) interfere unduly in the regulatory committee's business.
(4) Subsection (3)(a) is subject to—
(a) any determination made by the regulatory committee in a particular case that it is necessary, for ensuring that something falling within the Council's regulatory functions is achieved appropriately, that specific action be taken otherwise than through the regulatory committee, and
(b) such directions as the regulatory committee gives the Council (acting in any other capacity) in connection with the determination.
Your change, as a redline
3B Regulatory committee
(1) The Council must, for the purpose mentioned in subsection (2)—
(a) arrange under section 3A(1)(a) for their regulatory functions to be exercised on their behalf by a regulatory committee, and
(b) ensure that the committee continues so to exercise those functions (in particular, for the discharge of the Council's responsibility as mentioned in section 3A(9)(a)).
(2) The purpose is of ensuring that the Council's regulatory functions are exercised—
(a) independently of any other person or interest,
(b) properly in other respects (in particular, with a view to achieving public confidence).
(3) Accordingly, the Council must not—
(a) exercise their regulatory functions through any other means, or
(b) interfere unduly in the regulatory committee's business.
(4) Subsection (3)(a) is subject to—
(a) any determination made by the regulatory committee in a particular case that it is necessary, for ensuring that something falling within the Council's regulatory functions is achieved appropriately, that specific action be taken otherwise than through the regulatory committee, and
(b) such directions as the regulatory committee gives the Council (acting in any other capacity) in connection with the determination.
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