(1) The Governor shall be responsible for exercising the functions of the resolution authority under these Regulations.

(2) Without limitation to the generality of paragraph (1), the Governor may delegate any of the functions referred to in that paragraph to a Head of Function (within the meaning given by section 2 of the Act of 1942) or an officer or employee of the Bank.

(3) In accordance with Article 3(3) and (7) of the CCP Recovery and Resolution Regulation, the Bank shall ensure adequate structural arrangements are in place to ensure operational independence and to avoid conflicts of interest between the -

(a) functions of the Bank as a resolution authority for the purposes of the CCP Recovery and Resolution Regulation, and

(b) other functions of the Bank (other than those functions conferred on the Bank as the resolution authority for the purposes of Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 [OJ No. L 173, 12.6.2014, p.190]).