Paragraph 4 Payments from the resolution fund
(1)
The Account Holder may only make payments from the Dunfermline Resolution Account in accordance with a direction issued by the Treasury.
(2)
The Treasury may direct the Account Holder to make a payment to—
(a)
Dunfermline;
(b)
the Treasury;
(c)
the Bank of England.
(3)
The Treasury must not direct the Account Holder to make a payment from the Dunfermline Resolution Account if making the payment would cause the balance of the Dunfermline Resolution Account to fall below zero.
(4)
A direction under sub-paragraph (2) must be in writing and the Treasury must send a copy of the direction to—
(a)
Dunfermline, and
(b)
the Bank of England.