Cap. 545 Art. 9Provisions with respect to proceedings of the Regulator.

(1) The meetings of the Regulator shall be called by the

Chairman as often as may be necessary but at least once a month either on his own initiative or at the request of any two of the other members.

(2) Half the number of members for the time being constituting the Regulator shall form a quorum. Decisions shall be adopted by a simple majority of the votes of the members present and voting. The Chairman, or in his absence the Deputy Chairman or other person appointed to act as Chairman, shall have an initial vote and in the event of an equality of votes, a casting vote. Without prejudice to the other requirements of this Act, no decision shall be valid which is not supported by at least two members of the Regulator.

(3) Subject to the provisions of this Act the Regulator may regulate its own procedure.

(4) Subject to the foregoing provisions of this article, no act or proceeding of the Regulator shall be invalidated merely by reason of the existence of any vacancy among the members.

(5) All acts done by any person acting in good faith, as a member of the Regulator, shall be valid as if he were a member notwithstanding that some defect in his appointment or qualification be afterwards discovered. No act or proceeding of the Regulator shall be questioned on the ground of the contravention, by a member, of the provisions of article 3(8).