AI Summary of 12. Power of Bank to require information, records, plans, etc.
This section outlines the obligations of certain entities, referred to as 'persons to whom this section applies', which include designated entities, ATM operators, CIT providers, and any entity operating a cash service point for a designated entity. The Bank may issue directions to these entities regarding their business operations, requiring them to provide specified information, records, forecasts, plans, accounts, or other documents necessary for the performance of the Bank's functions under the Act.
Compliance with the Bank's directions must occur within designated timelines and locations as specified. The Bank may also require that the information and documents submitted are authenticated or certified. Additionally, the Bank retains the authority to copy or extract from any records or documents provided in compliance, and this section does not limit the Bank's other powers to require information or records.
12. Power of Bank to require information, records, plans, etc.
(1) In this section, "person to whom this section applies" means, as the case may be -
(b) an ATM operator,
(c) a CIT provider, or
(d) any other entity which operates a cash service point on behalf of a designated entity.
(2) Where the Bank considers it necessary to do so for the purposes of the performance of its functions under this Act, it may give a direction to a person to whom this section applies, in relation to the business of such person, to -
(a) provide the information,
(b) provide the records, or
(c) prepare and provide the forecasts, plans, accounts or other documents,
specified in the direction, to the Bank.
(3) The information which may be specified in a direction given under subsection (2), may include, but not necessarily be limited to, any or all of the information referred to in section 6(1).
(4) A person to whom a direction is given under this section shall comply with it -