127Appointment of authorised persons

127 Appointment of authorised persons

(1) The Regulator may appoint: (a) a member of its own staff; or (b) a member of the other Regulator’s staff; as an authorised person for the purposes of a specified provision of this Act. (2) An appointment must be in writing. (3) A person who is authorised under subsection (1) for the purposes of a provision of this Act may: (a) exercise any power of the Regulator or an authorised person under that provision; and (b) perform any functions of the Regulator or an authorised person under that provision.