(1) The resolution authority shall oversee the implementation of the resolution action and exercise control over the institution under resolution for the duration of the resolution period.
(2) The resolution authority may perform its functions under paragraph (1) in one, or more, of the following ways:
(a) by issuing directions to the institution under resolution or its management body under paragraph (4);
(b) by exercising its powers under these Regulations and financial services legislation, including the powers specified in Regulations 123 and 124;
(c) by overseeing the special manager's performance of his or her functions in accordance with Regulation 118.
(3) In deciding the means by which to oversee the implementation of resolution action and exercise control over the institution under paragraph (2), the resolution authority shall have regard to the following:
(a) the relevant resolution objectives;
(b) the general principles governing resolution;
(c) the specific circumstances o
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