4.1 The Central Bank will monitor adherence to the Requirements through its on-going supervision of credit institutions.

4.2 Any credit institution which becomes aware of a material deviation from these Requirements shall within five business days report the deviation to the Central Bank, advising of the background and the proposed remedial action.

4.3 The Central Bank also requires each credit institution to submit an annual compliance statement as set out at Section 26, in accordance with any guidelines issued by the Central Bank, specifying whether the credit institution has complied with the Requirements.