1. In respect of any System transaction, the participants concerned shall provide to the Society such information and documents relating to it as the Council may require in order to facilitate the advice and, if necessary, the accounting, netting and settlement of the System transaction.
2. Without prejudice to the generality of [1. above], any requirement made under that sub-paragraph may:
(a) impose conditions which are absolute or which are to vary from time to time by such factors as are specified in or are determined in accordance with such conditions and requirements;
(b) make different provision for different classes or categories of participants;
(c) make different provision for different classes or categories of insurance transaction;
(d) be made in respect of a specific insurance transaction or a specific class or category of insurance transaction or be of general application;
(e) contain incidental and supplementary provisions.
3. The Society shall be entitled to rely on information and documents provided under [1. above] in effecting System transactions.