17Power of Welsh Ministers to apply regulators’ principles and code of practice
In section 24 of the Legislative and Regulatory Reform Act 2006 (application of regulators’ principles and code of practice to functions specified by order)—
(a)for paragraph (c) of subsection (3) (Wales: limit on power of Minister of the Crown to specify functions) substitute—
“(c)a Welsh regulatory function.”;
(b)in subsection (4) (power of Welsh Ministers to specify functions) for “regulatory functions exercisable only in or as regards Wales” substitute “Welsh regulatory functions”;
(c)in subsection (10) (definitions) at the appropriate place insert—
““Welsh regulatory function” means a regulatory function, so far as exercisable in relation to Wales, if or to the extent that the function relates to matters—
(a)within the legislative competence of the National Assembly for Wales (see section 108 of the Government of Wales Act 2006), or
(b)in respect of which functions are exercisable by the Welsh Ministers.”