(1) The Minister may give a direction to HBFI to do or not to do anything specified in the direction.

(2) A direction under subsection (1) shall -

(a) be in writing, and

(b) be consistent with the functions of HBFI (including the obligations imposed on HBFI under section 7(2)).

(3) HBFI shall comply with a direction given by the Minister in accordance with this section.

(4) As soon as practicable after giving a direction to HBFI, the Minister shall -

(a) cause the direction to be published in Iris Oifigiúil, and

(b) lay a copy of the direction before each House of the Oireachtas.