Print Options

(1) The Bank shall, for purposes of supervision and monitoring, require a bank in writing to submit to it any information or data that relates to

(a) the assets, liabilities, income and expenditure of that bank and

(b) any of that bank's affairs in the prescribed form, at intervals and within the time frame that the Bank may stipulate.

(2) A bank or any other authorized dealer which is required to submit information or data shall comply with the requirement.

(3) A bank or any other authorized dealer required by a direction to furnish information which is stored in a computer or any other electronic media, shall in addition produce books, accounts or other documents in that bank's possession or control that may be required by the Bank.

(4) A bank or any other authorized dealer that refuses to furnish information or produce books, accounts or other documents, commits an offence and is liable on summary conviction to a fine of not less than five hundred penalty units or to a term of imprisonment of not less than four years or to both.