(1) The Bank shall have all the powers necessary for the performance of its functions and duties under the CCP Recovery and Resolution Regulation and these Regulations.

(2) The powers provided for in these Regulations in respect of the Bank shall not be exercised in a manner or for a purpose inconsistent with the Bank's obligations pursuant to the CCP Recovery and Resolution Regulation and these Regulations.

(3) Without limitation to the generality of paragraph (1), the Bank shall, in particular, have the powers set out in Regulations 9, 10, 11 and 12.