PART 5Regulation of payment systems

Information and investigation powers

I1C181Power to obtain information or documents

1

The Payment Systems Regulator may by notice in writing require a person to provide information or documents—

a

which the Payment Systems Regulator thinks will help the Treasury in determining whether to make a designation order, or

b

which the Payment Systems Regulator otherwise requires in connection with its functions under this Part.

2

In particular, a notice under subsection (1) may require a participant in a regulated payment system to notify the Payment Systems Regulator if events of a specified kind occur.

3

A notice under subsection (1) may require information or documents to be provided—

a

in a specified form or manner;

b

at a specified time;

c

in respect of a specified period.