66I. Directions, etc., to discharge Government’s international obligations

For the purposes of this Part, the competent authority or the relevant regulatory or supervisory authority, as the case may be, may issue any directions, instruction, guideline, circular, standard, notice, specification or requirement to, or impose any condition on, the institution under its regulation or supervision, or the director, officer or employee of the institution as the competent authority or the regulatory or supervisory authority considers necessary in order to discharge or facilitate the discharge of any obligation binding on

An institution, or the director, officer or employee of the institution to which a directions, instruction, guideline, circular, standard, notice, specification or requirement is issued, or a condition is imposed under subsection (1) shall comply with the directions, instruction, guideline, circular, standard, notice, specification, requirement or condition notwithstanding any other duty imposed on the institution, or the director, officer or employee of the institution by any rule of law, written law or contract.

An institution, or the director, officer or employee of the institution shall not, in carrying out any act in compliance with any directions, instruction, guideline, circular, standard, notice, specification or requirement issued, or any condition imposed under subsection (1), be treated as being in breach of any such rule of law, written law or contract.

Any institution which, or the director, officer or employee of an institution who—