If the Authority so directs by notice in writing, the cover-assets monitor appointed in respect of a designated credit institution shall -
(a) prepare for the Authority, or any other person specified by the Authority, such reports, and
(b) provide the Authority or any such person, with such information,
at such times or intervals, in relation to the exercise or performance of the monitor's responsibilities under this Act and the performance by the institution of its obligations under this Act in so far as the monitor is responsible for monitoring the carrying out of those obligations, as the Authority specifies in the direction.