s 27 Regulatory and representative functions of approved regulators
(1) In this Act references to the “ regulatory functions ” of an approved regulator are to any functions the approved regulator has— (a) under or in relation to its regulatory arrangements, or (b) in connection with the making or alteration of those arrangements. (2) In this Act references to the “ representative functions ” of an approved regulator are to any functions the approved regulator has in connection with the representation, or promotion, of the interests of persons regulated by it.