561. Borrowing.

The Board of the Pension Protection Fund1 may: (1) borrow from a deposit-taker2 such sums as it may from time to time require for exercising any of its functions; (2) give security for any money borrowed by it3. The Board may not borrow if the effect would be: (a) to take the aggregate amount outstanding in respect of the principal of sums borrowed by it over its borrowing limit