Article 4 Guarantees etc. in relation to contracts of principal companies and their subsidiaries

The Department may, upon such terms and conditions as it may determine, give to any person entering into a contract—

(a)

with a principal company or a subsidiary of a principal company; or

(b)

which in the opinion of the Department is directly or indirectly related to a contract entered or to be entered into by another person with a principal company or a subsidiary of a principal company,

any form of assurance, indemnity or guarantee to meet any contingency arising out of or in connection with the contract.