(1) The body known as the Panel on Takeovers and Mergers ("the Panel") is to have the functions conferred on it by or under this Chapter.
(2) The Panel may do anything that it considers necessary or expedient for the purposes of, or in connection with, its functions.
(3) The Panel may make arrangements for any of its functions to be discharged by -
(a) a committee or sub-committee of the Panel, or
(b) an officer or member of staff of the Panel, or a person acting as such.
This is subject to section 943(4) and (5).