(1)Subject to paragraphs (3), (4) and (5), any requirement specified in Part 2, 2A, 3, 5, 6 or 7 shall be read as being, and shall operate, subject to the Bank's not having exercised the power under Regulation 40(3) (in the circumstances where such power is exercisable) to make the person concerned subject to a more stringent requirement.

(2) Where that power is so exercised, the relevant requirement specified in any of the Parts mentioned in paragraph (1) shall, accordingly, be read and operate subject to such modifications as are necessary in consequence of the exercise of that power.

(3) The Bank may require issuers to publish additional periodic financial information on a more frequent basis than the annual financial reports referred to in Regulation 4 and the half-yearly financial reports referred to in Regulation 6 -

(a) where the issuers are financial institutions, or

(b) where the Bank is satisfied that imposition of the requirement is appropriate having regard to -