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<h1>Power to implement: Chairman's authority to enforce employee service regulations, subject to superior authority oversight and Board discretion.</h1> The regulations vest the power to implement the SEBI (Employees' Service) Regulations, 2001 in the Chairman, who may issue administrative instructions necessary to give effect to the regulations and whose decisions are final and binding; powers exercisable by an authority may also be exercised by any superior authority, and the Board may waive or relax strict application of the provisions.