Regulation 18 Appointment of agents
(1)
The Secretary of State may appoint a person to act as agent for the Secretary of State—
(a)
in the exercise of any of the management powers in regulations 14, 15(1)(b) and (5) and 17(1);
(b)
to assist the Secretary of State in the discharge of the Secretary of State’s duty under regulation 15(3);
(c)
to make a payment from a temporary management account under regulation 20(1); or
(d)
to pay into a temporary management account a payment described in regulation 20(2).
(2)
The Secretary of State must ensure that an appointment under paragraph (1) provides that—
(a)
it does not continue after the end of the management period; and
(b)
it may be terminated before the end of the management period where a termination notice provides for an early termination.