>>The regulatory authority has never licenced anybody to balance conflicting interests because they do not exist.
You are licenced to operate in accordance with the regulations<<
Precisely so. You may go against the regulations only to achieve a safe outcome in an emegency. You are not authorised to break safety rules for commercial reasons.
There has been a subtle culture change over the past ten to fifteen years. It has become acceptable to management for some safety rules to be overlooked to acheive a commercial outcome.
I.e. if you fiddle the Tech Log or FTL's without incident management might view this as 'helping the company out.'
Pilots who do this are helping no one.
To quote the findings of an industrial tribunal which found in favour of a pilot who stood up to his airline on this issue:
'The contractual requirements placed upon Captain ------ were to meet the standards set by the CAA'