Cap. 545 Art. 7Relations between the Minister and the Regulator.

(1) The Minister may, in relation to matters that appear to him to affect the public interest, from time to time communicate to the Regulator directions in writing of a general character, not related to the regulatory powers of the Regulator and not inconsistent with the provisions of this Act, and the Regulator shall, as soon as may be, give effect to all such directions in such a manner as to respect, in particular, the provisions of article 5 such that the independent regulatory powers of the Regulator are in no way prejudiced.

(2) The Regulator shall afford to the Minister facilities for obtaining information with respect to its property and activities and furnish him with returns, accounts and other information with respect thereto, and afford to him facilities for the verification of information furnished, in such manner and at such times as he may reasonably require.

(3) All communications between the Minister and the Regulator shall be conducted in such a manner as to ensure that at no time shall the independence of the Regulator in the exercise of its functions be, or be perceived to be, in any way prejudiced.