41(1)The Commission may, subject to such terms and conditions as it considers appropriate, delegate to an exchange or self-regulatory organization any of the powers and duties of the Commission under Part 4 or the regulations relating to that Part.

41(2)The Executive Director may, subject to such terms and conditions as the Executive Director considers appropriate and with the approval of the Commission, delegate to an exchange or self-regulatory organization any of the powers and duties of the Executive Director under Part 4 or the regulations relating to that Part.

41(3)The Commission or, with the approval of the Commission, the Executive Director may revoke, in whole or in part, a delegation of powers and duties made under this section.

41(4)Where, in making a decision, an exchange or self-regulatory organization is exercising or performing or intends to exercise or perform a power or duty delegated to it under subsection (1) or (2), the Commission may withdraw from the exchange or self-regulatory organization any matter that is before the exchange or self-regulatory organization for its decision, and the Commission may decide the matter or refer the matter to the Tribunal or the Executive Director for decision.

41(1)The Commission may, subject to such terms and conditions as it considers appropriate, delegate to an exchange or self-regulatory organization any of the powers and duties of the Commission under Part 4 or the regulations relating to that Part.

41(2)The Executive Director may, subject to such terms and conditions as the Executive Director considers appropriate and with the approval of the Commission, delegate to an exchange or self-regulatory organization any of the powers and duties of the Executive Director under Part 4 or the regulations relating to that Part.

41(3)The Commission or, with the approval of the Commission, the Executive Director may revoke, in whole or in part, a delegation of powers and duties made under this section.

41(4)Where, in making a decision, an exchange or self-regulatory organization is exercising or performing or intends to exercise or perform a power or duty delegated to it under subsection (1) or (2), the Commission may withdraw from the exchange or self-regulatory organization any matter that is before the exchange or self-regulatory organization for its decision, and the Commission may decide the matter or refer the matter to the Executive Director for decision.