(1) The receiver shall act in accordance with Regulations made pursuant to section 183, directions, and prudential standards issued by the Central Bank at any time in the course of the liquidation, and shall be accountable only to the Central Bank for the performance of its duties and the exercise of its powers as receiver.
(2) The receiver shall report to the Central Bank at least once a month, or more frequently if the Central Bank so requires, on the progress of the receivership in a form determined by the Central Bank and provide any other information upon the request of the Central Bank.