Instructions for exceptional withdrawals

(1) Subject to subsection (2) of this section, the Central Bank may instruct the Custody Bank, in the manner provided therefor in the Custody Bank Agreement, immediately to transfer in United States Dollars an amount other than the Annual Transfer Amount from the Permanent Restricted Account to the Flexible Transfer Account. (2) The Central Bank shall, and may only, give the instruction mentioned in subsection (1) of this section, to the Custody Bank upon receipt of an original written request therefor, (a) signed by the Financial Secretary, he certifying in the request that the amount to be Management Fund 29 transferred is the additional amount authorised by law in the manner and subject as otherwise provided in section 17 of this Act; and (b) countersigned by the Chairperson of the Independent Oversight Board, he certifying that no restriction order made by the Independent Oversight Board under section 26 of this Act, (which has not been rescinded by the Board or vacated in the manner prescribed by that section) prohibiting the transfer of the Annual Transfer Amount has been issued, or is then to be issued, by the Board; and (c) countersigned by the Clerk to the National Assembly, he certifying that the amount to be transferred is the additional amount authorised by law in the manner and subject as otherwise provided in section 17 of this Act.