(1) Where -

(a) no appeal under Regulation 66 against the adverse assessment is lodged with the Court within the period for lodging the appeal, or

(b) an appeal under Regulation 66 against the adverse assessment which has been lodged with the Court within the period for lodging the appeal is withdrawn or abandoned,

then, subject to paragraph (2), the Bank may apply to the Court for an order confirming the adverse assessment (including the specified sanctions).

(2) Where the assessor was appointed by the Bank at the request of IAASA, such an application shall not be made otherwise than at the request of IAASA but, if IAASA does make a request of the Bank to make such an application, it shall be the duty of the Bank to comply with that request.

(3) The Court shall determine an application under paragraph (1) by making -

(a) an order confirming, varying or setting aside the adverse assessment (including the specified sanctions), whether in whole or in part, or