Part I The Channel Tunnel Rail Link

Functions of the Rail Regulator

C121 Duties as to exercise of regulatory functions.

1

The F4Office of Rail Regulation shall have an overriding duty to exercise F6its regulatory functions in such a manner as not to impede the performance of any development agreement.

F92

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F93

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F94

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F95

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6

In this section—

references to the F4Office of Rail Regulation’s regulatory functions are to the functions assigned or transferred to F5it under or by virtue of Part I of the Railways Act 1993 F1other than any functions assigned to F5it by virtue of section 67(3) of that Act (“Competition Act functions”).

7

The F4Office of Rail Regulation may, when exercising any Competition Act function, have regard to any matter to which F5it would have regard if—

a

F5it were under the duty imposed by subsection (1) F7... above in relation to that function; and

b

the matter is one to which F2the Office of Fair Trading could have regard if F3it were exercising that function.