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(1)LBRO and a regulator to which this section applies must enter into a memorandum of understanding with each other as to how they will work together in the exercise of their respective functions.
(2)This section applies to the following regulators—
(a)the Environment Agency;
(b)the Food Standards Agency;
(c)the Gambling Commission;
(d)the Health and Safety Executive;
(e)the Office of Fair Trading.
(1)LBRO must secure that in exercising any of its functions it does not—
(a)impose burdens which are unnecessary, or
(b)maintain burdens which have become unnecessary.
(2)Subsection (1) does not require the removal of a burden which has become unnecessary where its removal would, having regard to all the circumstances, be impracticable or disproportionate.
(3)LBRO must secure that—
(a)it exercises its functions in a way which is transparent, accountable, proportionate and consistent;
(b)it targets its activities only at cases in which action is needed.
(1)LBRO may do anything which it thinks necessary or expedient for the purpose of, or in connection with, the exercise of any of its functions.
(2)In particular, LBRO may—
(a)enter into agreements;
(b)acquire or dispose of property;
(c)borrow money;
(d)invest money.