12Monitor: general dutiesE+W
(1)[F1The Office of Rail and Road] must exercise its functions under sections 10 and 11 in the way that it considers most likely to promote—
(a)the performance, and
(b)the efficiency,
of the strategic highways company.
(2)The Office must also, in exercising those functions, have regard to—
(a)the interests of users of highways,
(b)the safety of users of highways,
(c)the economic impact of the way in which the strategic highways company achieves its objectives,
(d)the environmental impact of the way in which the strategic highways company achieves its objectives,
(e)the long-term maintenance and management of highways, and
(f)the principles in subsection (3).
(3)The principles are that—
(a)regulatory activities should be carried out in a way which is transparent, accountable, proportionate and consistent, and
(b)regulatory activities should be targeted only at cases in which action is needed.
Textual Amendments
F1Words in s. 12(1) substituted (16.10.2015) by The Office of Rail Regulation (Change of Name) Regulations 2015 (S.I. 2015/1682), reg. 1(2), Sch. Pt. 1 para. 4(x)
Commencement Information
I1S. 12 in force at 5.3.2015 by S.I. 2015/481, reg. 2(a)