(1) The competent authority may, where it considers it appropriate, direct an institution to maintain detailed records of financial contracts to which it is a party.
(2) An institution may be required to provide the records referred to in paragraph (1) to the competent authority where the competent authority considers that access to such records would assist it in its review of a recovery plan submitted by the institution concerned.
(3) Where records are required by written request of the competent authority under paragraph (2), the institution concerned shall provide the records in accordance with the request.