(1) The Board may
delegate a function or power of the Board under this Act (except a prescribed
function or power) to—
(a) a
member of the Board; or
(b) a
committee of the Board.
(2) A delegation under
this section—
(a) must
be by instrument in writing; and
(b) may
be absolute or conditional; and
(c) does
not derogate from the power of the Board to act in any matter; and
(d) is
revocable at will.