16(1)The regulator is not to be regarded as the servant or agent of the Crown or as enjoying any status, immunity or privilege of the Crown.E+W
(2)The regulator’s property is not to be regarded as property of, or property held on behalf of, the Crown.
(3)The regulator must exercise its functions effectively, efficiently and economically.
Commencement Information
I1Sch. 2 para. 16 in force at 1.1.2004 by S.I. 2003/3346, art. 2