Article 9 - Performance of functions
(1) Except as set out in the
QFC Law or in these Regulations, the QFC Authority shall perform its functions and discharge its duties and determine its own procedures and management in such manner as it shall decide, provided that it shall always:
(A) operate in compliance with the requirements and provisions of the
QFC Law and
(B) have regard to the need to comply with such generally accepted principles of good governance as is reasonable to regard as applicable to it.
(2) In supervising, assessing, directing or issuing rules governing the activities of the
Person(s) responsible for issuing notices, directions, determinations, decisions and fines
issued under these Regulations or Related Regulations, the QFC Authority shall exercise its powers and duties in a fair and transparent manner, must permit such Person(s) to operate with the level of autonomy that is appropriate to satisfy accepted principles of
good governance and otherwise have regard to Article 8 – Principles of Good Regulation.