Power of the Board to Supersede the Authority

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..... rities market or in the public interest so to do, the Board may, by order, supersede the Authority for such period as may be specified in the order. (2) Upon the issuance of an order under sub-regulation (1) superseding the Authority: (a) all Members shall, as from the date of supersession, be deemed to have vacated their offices; and (b) all functions and powers which may, by or under the provisi .....

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