In exercising functions by virtue of this Act, HEFCW must take into account the importance of protecting academic freedom including, in particular, the freedom of institutions—
(a)to determine the contents of particular courses and the manner in which they are taught, supervised or assessed,
(b)to determine the criteria for the admission of students and to apply those criteria in particular cases, and
(c)to determine the criteria for the selection and appointment of academic staff and to apply those criteria in particular cases.