33.This Part sets out the Authority’s general duties and statutory objectives.  Together with Schedule 1, it specifies statutory requirements for the Authority’s constitution and status and the exercise of certain of its functions.  It sets out arrangements which the Authority is required to make for consulting practitioners and consumers.  It provides powers for the Treasury to commission reviews of the economy, efficiency and effectiveness with which the Authority has used its resources and to arrange independent inquiries into regulatory matters of serious concern.
Commentary on Sections Part I: the Regulator