(1) The Bank may by direction give effect to any technical adjustment adopted in accordance with Article 47 of the Directive subject to such conditions as may be specified from time to time by the Bank.

(2) The Bank may issue a direction in writing modifying any requirement of these Regulations or of the Annexes or Schedules in the special circumstances of the case, provided that the direction does not conflict with any provision of the First Directive, the Second Directive or the Directive.