9(1)NLS may authorise—
(a)the chief executive,
(b)any other employee,
(c)any of its committees,
to exercise such of its functions (and to such extent) as it may determine.
(2)NLS may not authorise either of the following functions to be exercised by any other person—
(a)the approval of annual reports and accounts,
(b)the approval of any budget or other financial plan.
(3)Sub-paragraph (1) does not affect the responsibility of NLS for the exercise of its functions.