Part 4Regulation of approved regulators
Separation of regulatory and representative functions
29Prohibition on the Board interfering with representative functions
1
Nothing in this Act authorises the Board to exercise its functions in relation to any representative function of an approved regulator.
2
But subsection (1) does not prevent the Board exercising its functions for the purpose of ensuring—
a
that the exercise of an approved regulator's regulatory functions is not prejudiced by its representative functions, or
b
that decisions relating to the exercise of an approved regulator's regulatory functions are, so far as reasonably practicable, taken independently from decisions relating to the exercise of its representative functions.