(1) The financial means referred to in this Part shall be primarily used in order to repay depositors pursuant to this Regulation.

(2) The financial means referred to in this Part shall be used in order to finance the resolution of credit institutions in accordance with Regulation 173 of the Bank Recovery and Resolution Regulations.

(3) The resolution authority shall determine, after consulting the designated authority, the amount by which the deposit guarantee scheme is liable under paragraph (2).

(4) The designated authority may use the available financial means for alternative measures in order to prevent the failure of a credit institution provided that the following conditions are met:

(a) the resolution authority has not taken any resolution action under Regulation 62 of the Bank Recovery and Resolution Regulations;

(b) it has appropriate systems and procedures in place for selecting and implementing alternative measures and monitoring affiliated risks;

(c) the costs of the measures do not exceed the cost of fulfilling its statutory mandate;