[(1) In relation to the regulators, the regulatory principles referred to in section 1B(5)(a) and [2H(2)] are as follows—
(a) the need to use the resources of each regulator in the most efficient and economic way;
(b) the principle that a burden or restriction which is imposed on a person, or on the carrying on of an activity, should be proportionate to the benefits, considered in general terms, which are expected to result from the imposition of that burden or restriction;
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