(1) The Bank may perform any of its functions under the relevant community acts -
(a) directly,
(b) in collaboration with other authorities or market undertakings,
(c) subject to paragraph (5), by delegation to other authorities or market undertakings, or
(2) Subject to paragraph (5), the Bank may delegate in writing to an approved stock exchange any one or more of its functions under these Regulations subject to such conditions as are specified in the delegation.
(3) A delegation under this Regulation does not prevent the performance by the Bank of the function delegated.
(4) Notwithstanding any delegation under this Regulation, the final responsibility for supervising compliance with the relevant community acts and the applicable provisions of Irish market abuse law shall be with the Bank.
(5) The Bank shall not delegate any of its functions under Regulation 7, 15, 28(1), 31, 53 or 54.