Legal form and independence of specialist regulators: the case of the Oil and Gas authority
In this paper based on a presentation given at an IALS lunchtime seminar, Professorial Fellow and former Director of the Institute Terence Daintith explores the form, governance and remit of the Oil and Gas authority. As this legal form had never before been used for a specialist regulator in the UK, he suggests it is worth asking:
- why this was done;
- what government companies normally do;
- what were the closest precedents;
- what were the effects of the choice in relation to the control, accountability, and independence of the regulator; and
- what might be the implications for the future.
Index keywords: Petroleum industry and trade, Petroleum law and legislation, Oil and Gas Authority, United Kingdom
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