16. Information obligations and compliance

The Central Bank may audit, inspect, and require the production of accounts, records, books, and documents, inspect offices of, and request information from, service providers and any person the Central Bank may determine to be a service provider or a payment system designated under this Chapter.

It shall be the duty of any person, or an employee, agent or manager of a person to whom a request is made under subsection (1) to comply with it.

The Central Bank may, where it considers it necessary require that audits and inspections under subsection (1)

In this section “qualified auditor” shall have the same meaning as in paragraph (8) of Article 154 of the Constitution.

Every participant shall be required to perform all the duties imposed under this Chapter on a Manager of a payment system.

If a Manager of a payments system fails to perform the duties imposed on it under this Chapter, the participants jointly and severally shall comply with those duties and shall be liable for contravention in the same manner and to the same extent as the Manager.

For the purposes of obtaining evidence on oath in relation to any audit or inspection in terms of this section, the Central Bank shall have the power to administer oaths or affirmations in terms of the provisions of the Oaths Ordinance