The Commission must publish a statement of its policy on how it intends to exercise its funding powers.

In preparing the statement, the Commission must have regard to the principle that decisions about the provision or securing of financial resources should be made in a way that is transparent.

The Commission must keep the statement under review and may revise it.

Before publishing the statement or a revised statement, the Commission must consult such persons as it considers appropriate.

The Commission’s funding powers are its powers to provide or secure financial resources under sections 88, 89, 97, 101, 103, 104 and 105.