Part IU.K. New regulatory arrangements

[F13A[F2Exercise of designated regulatory functions etc]U.K.

F3(1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)The Authority must ensure that members of its staff do not—

(a) seek or take any instructions that might compromise, or might reasonably be seen to compromise, the Authority ’s independence in relation to its [F4designated regulatory functions]; or

(b)carry out any other activity, or have any financial or other interest, that might compromise, or might reasonably be seen to compromise, the impartiality of those members of staff.

F5(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]