Chapter II: Guidance
289.Chapter II concerns the Authority’s power to issue and charge for guidance on its rules, the legislation and other matters relating to its functions, including its regulatory objectives.
Section 157: Guidance
290.This section enables the Authority to issue and charge for guidance on all the matters listed in subsection (1).
291.Subsection (2) confirms that the Authority can use its financial resources or its other resources to support the giving of information and advice by third parties where the Authority considers it could have given the advice or information under this section.
292.Subsection (3) provides that when giving guidance on its rules which is intended to have broad application, the Authority will need to meet various of the requirements of section 155, including those requiring consultation and the publication of a cost-benefit analysis. Subsection (4) clarifies that the Authority can charge for its guidance, whether it is offered generally or in response to a specific request.
