A permit is not required of the Trust for any undertaking otherwise requiring a permit under these regulations. Before initiating any undertaking, the Trust shall obtain approval from the Secretary and the Board. For activities which do not constitute an undertaking as defined in Regulation .02B(41) of this chapter, the Trust shall: Obtain the Secretary's approval before initiation of the activity; and Report to the Board on the activities within 45 days after initiation of activity.