Cap. 545 Art. 25Estimates of the Regulator.

(1) The Regulator shall cause to be prepared in every financial year, and shall not later than six (6) weeks after the end of each such year adopt, estimates of the income and expenditure of the Regulator for the next following financial year.

(2) In the preparation of such estimates the Regulator shall take account of any funds and other monies that may be due to be paid to it out of the Consolidated Fund during the relevant financial year, whether by virtue of this Act or an appropriation Act or of any other law; and the Regulator shall so prepare the said estimates as to ensure that the total revenues of the Regulator are at least sufficient to meet all sums properly chargeable to its revenue account including, but without prejudice to the generality of that expression, depreciation.

(3) The estimates shall be made out in such form and shall contain such information and such comparison with previous years as the Minister responsible for finance may direct.

(4) A copy of the estimates shall, upon their adoption by the Regulator, be sent forthwith by the Regulator to the Minister and to the Minister responsible for finance.

(5) The Minister shall, at the earliest opportunity and not later than six (6) weeks after he has received a copy of the estimates from the Regulator, approve the same with or without amendment after consultation with the Minister responsible for finance.