(1) A designated credit institution shall document -
(a) the cover assets included in the cover assets pool maintained by the institution, and
(b) the compliance of the institution's lending policies with -
(i) in the case of a designated mortgage credit institution, this section and sections 32(18), 33 and 58A,
(ii) in the case of a designated commercial mortgage credit institution, this section and sections 32(18) and 33 (as modified in accordance with section 41B) and section 58A, and
(iii) in the case of a designated public credit institution, this section and sections 48 and 58A.
(2) A designated credit institution shall have in place adequate and appropriate documentation, systems and processes relating to its covered bond programme.