Part I The Channel Tunnel Rail Link

Functions of the Office of Rail and Road

21 Duties as to exercise of regulatory functions.

(1)

The F1Office of Rail and Road shall have an overriding duty to exercise F2its regulatory functions in such a manner as not to impede the performance of any development agreement.

F3(2)

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F3(3)

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F3(4)

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F3(5)

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(6)

In this section—

F4...

F4...

F4...

references to the F1Office of Rail and Road’s regulatory functions are to the functions assigned or transferred to F5it under or by virtue of Part I of the Railways Act 1993 F6other than any functions assigned to F5it by virtue of section 67(3) of that Act (“Competition Act functions”).

(7)

The F1Office of Rail and Road may, when exercising any Competition Act function, have regard to any matter to which F5it would have regard if—

(a)

F5 it were under the duty imposed by subsection (1) F7 ... above in relation to that function; and

(b)

the matter is one to which F8the Competition and Markets Authority could have regard if F9it were exercising that function.