(1) The Commission may enter into an arrangement or arrangements with each of the prescribed bodies for the purposes of -

(a) facilitating co-operation between the Commission and the prescribed bodies in the performance of their respective functions in so far as they relate to -

(i) consumer protection and welfare issues, or

(ii) issues of competition between undertakings,

(b) avoiding duplication of activities by the Commission and any of the prescribed bodies,

(c) ensuring, as far as practicable, consistency between decisions made or other steps taken by the Commission and the prescribed bodies in so far as any part of those decisions or steps consists of or relates to -

(i) consumer protection and welfare or issues of concern to consumers, or

(ii) a determination of any issue of competition between undertakings,

(d) enabling the Commission to be consulted in relation to any decisions by prescribed bodies which affect consumers or issues of competition between undertakings, or