Part 2The Legal Services Board
General functions
3The Board's duty to promote the regulatory objectives etc
1
In discharging its functions the Board must comply with the requirements of this section.
2
The Board must, so far as is reasonably practicable, act in a way—
a
which is compatible with the regulatory objectives, and
b
which the Board considers most appropriate for the purpose of meeting those objectives.
3
The Board must have regard to—
a
the principles under which regulatory activities should be transparent, accountable, proportionate, consistent and targeted only at cases in which action is needed, and
b
any other principle appearing to it to represent the best regulatory practice.