32Delegation

32 Delegation

(1) The Corporation may, either generally or as otherwise provided by the instrument of delegation, by writing under its common seal, delegate to a person all or any of its powers under this Act or the regulations, other than its powers under subsection 22(3) or this power of delegation. (2) A power so delegated, when exercised by the delegate, shall, for the purposes of this Act or the regulations, as the case requires, be deemed to have been exercised by the Corporation. (3) A delegate under subsection (1) is, in the exercise of a power so delegated, subject to the directions of the Corporation. (4) A delegation under this section does not prevent the exercise of a power by the Corporation.