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Central Bank oversight of official administration 125. (1) In the exercise of his powers under this Part, the official administrator shall act in accordance with Regulations made pursuant to section 183, directions and prudential standards issued by the Central Bank, at any given time in the course of the official administration, and shall be accountable only to the Central Bank for the performance of his duties and the exercise of his powers as official administrator. (2) The official administrator may delegate any of his powers or duties to other persons, in accordance with the instructions issued by the Central Bank. Suspension of dividends 126. The official administrator shall immediately suspend the payment of capital distributions in general and payment of any kind to directors, officers, and significant shareholders however base compensation may be paid to directors or officers for services rendered in their capacity as directors or officers of the licensed financial institution or licensed financial holding company. Moratorium and effect of official administration on proceedings 127. (1) The Central Bank may impose a moratorium suspending some or all payments by a licensed financial institution or licensed financial holding company in official administration, except payments to central clearing counterparties and to payment, settlement and clearing systems. (2) On and during the appointment of an official administrator, no creditor, shareholder, depositor or any other person shall have any remedy against the licensed financial institution or licensed financial holding company in respect of any claim.

(3) Without prejudice to the generality of subsection (2), no creditor, shareholder, depositor or any other person shall:

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