If we attempt to do this, we will undermine the very purpose of a regulator. Of course, one could trust the good sense of the tribunal to follow a “regulatory judgment” rule and not intervene in a broad array of matters, but does this not imply a double standard – we trust the tribunal’s judgment but not that of the regulator.
More likely, though, past experience suggests that entities like to justify their existence, and if set up, a tribunal will intervene more than necessary. The second danger is that easing the appellate process will invite appeal. In a developed country with well-established regulations, a case history of judgments, and speedy delivery of justice, this would not be a problem.