(1) The Bank may, for the purpose of cooperating in the pursuit of Objective 1, and to facilitate the transfer of accounts of eligible depositors of the designated credit institution concerned -
(a) make money available from the Fund or, where appropriate, the legacy fund, or
(b) make payments and charge the payments on the Fund.
(2) Section 8 of the Financial Services (Deposit Guarantee Scheme) Act 2009 shall apply in respect of payments charged on the Fund under subsection (1)(b) as if the reference in that section 8 to a payment in accordance with the Regulations of 2015 were a reference to a payment in accordance with this section.