Commentary on Sections Non-executive functions Section 10: Functions exercisable by the Determinations Panel
56.This section provides that in certain circumstances the power to determine whether to exercise, and to exercise, certain functions of the Regulator is reserved to the Determinations Panel. The functions in question are listed in Schedule 2 and are known as the “reserved regulatory functions”. The Regulator can also authorise the Panel to carry out more functions under paragraph 20(4) or (6) of Schedule 1. The Panel may also sub-delegate the exercise of functions to any of its members or sub-committees. This is all subject to any regulations made by the Secretary of State under paragraph 21 of Schedule 1 (which concerns the power to limit or permit the delegation of functions).