12(1)The Committee may, subject to sub-paragraph (2), authorise—
(a)any of its members;
(b)any of its sub-committees;
(c)its chief executive;
(d)any other employee,
to exercise such of its functions (and to such extent) as it may determine.
(2)The Committee may not authorise the exercise of the following functions under sub-paragraph (1)—
(a)the approval of annual reports and accounts;
(b)the approval of any budget or other financial plan.
(3)Sub-paragraph (1) does not affect the responsibility of the Committee for the exercise of its functions.