It would seem to follow therefore that they must know that law and their regulations.
You'd think they should have a clear idea as to how they intend to apply, or interpret, the rules and regulations on the sector they regulate.
It is decidedly unhelpful, and a direct cost imposition on business, to respond to such questions by suggesting that external legal advice should best be sought by the person being regulated. Imagine if we actually replied to such suggestions as we truly felt:
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