(1) The Governor shall propose to the Commission a plan of the assignment of responsibility for specified powers and functions of the Bank to himself or herself, a Head of Function or an officer or employee of the Bank.

(2) Where appropriate, the assignment of the responsibility for the performance of a function requires the person to whom the function is assigned -

(a) to provide policy advice in relation to the subject matter of the assignment and related matters,

(b) to achieve any outputs specified in the assignment,

(c) to accept responsibility for the operation of statutory schemes or programmes specified in the assignment,

(d) to accept responsibility for the delivery of quality services pursuant to the assignment,

(e) to ensure that the expenditure in relation to the area of the assignment accords with the purpose for which the expenditure is appropriate and chargeable to the accounts of the Bank and that value for money is obtained, and