Regulation 26 of the Principal Regulations is amended -
(a) in paragraph (2) by substituting "an authorised credit institution" for "a credit institution authorised by the Bank", and
(b) by substituting for paragraph (4) the following:
"(4) Where a compensation event occurs in relation to a credit institution maintaining a deposit in the deposit protection account under this Regulation, the Bank shall make arrangements for payments to be made in accordance with the Directive and the Guiding Principles in Annex II to the Directive. The payments shall be charged on the deposit protection account in the general fund.".