(1) Before amending, revoking, establishing or entering into a supervision arrangement for the purposes of section 1229 of the Act [Section 1229 was amended by S.I. 2007/3494, regulation 9.] (supervision of Auditors General by the Independent Supervisor), the Independent Supervisor must consult with the Auditors General and such other persons as seem to it to be appropriate.

(2) The Independent Supervisor must have satisfactory arrangements for–

(a) recording decisions made in the exercise of the function mentioned in section 1229(1) of the Act; and

(b) the safekeeping of all material records.