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The Commission has the following general duties—
1 So far as is reasonably practicable the Commission must, in performing its functions, act in a way—
(a) which is compatible with its objectives, and
(b) which it considers most appropriate for the purpose of meeting those objectives.
2 So far as is reasonably practicable the Commission must, in performing its functions, act in a way which is compatible with the encouragement of—
(a) all forms of charitable giving, and
(b) voluntary participation in charity work.
3 In performing its functions the Commission must have regard to the need to use its resources in the most efficient, effective and economic way.
4 In performing its functions the Commission must, so far as relevant, have regard to the principles of best regulatory practice (including the principles under which regulatory activities should be proportionate, accountable, consistent, transparent and targeted only at cases in which action is needed).
5 In performing its functions the Commission must, in appropriate cases, have regard to the desirability of facilitating innovation by or on behalf of charities.
6 In managing its affairs the Commission must have regard to such generally accepted principles of good corporate governance as it is reasonable to regard as applicable to it.
Specified date: 14 March 2012: see s 355.