(1) Whether or not the Bank has made payments under these Regulations, the Bank may, at its discretion and to such extent as it thinks proper from time to time for the purposes of maintaining the stability of the financial system, charge on the deposit protection account any other payment by the Bank out of the general fund that, in the opinion of the Bank, was applied on a short-term and urgent basis -
(a) to protect the interest of persons or any class of persons maintaining deposits with one or more credit institutions authorised or formerly authorised by the Bank, or
(b) to promote the orderly and proper regulation of banking.
(2) The Bank shall, from time to time, keep the Minister for Finance and the Minister for the Environment and every authorised credit institution informed of the general principles which guide the Bank in respect of the exercise of its discretion and shall consider any representation which may be made on those principles by any authorised credit institut