(1) Where a reviewer is approved or nominated by the Bank under section 11, the reviewee shall enter into a contract with the reviewer.

(2) It shall be a term of the contract referred to in subsection (1) -

(a) that the reviewer is required to prepare for the reviewee a report in accordance with the notice given under section 9,

(b) that any duty owed by the reviewer to the reviewee which might limit the provision of information or opinion by the reviewee to the reviewer in preparing a report under this Part shall be waived,

(c) that the reviewer is required and permitted to provide to the Bank the following where the Bank so requests -

(i) periodic updates on progress and issues arising,

(ii) interim reports,

(iii) documents and working papers,

(iv) copies of any draft reports given to the reviewee, and