(1) Paragraph (2) applies where a duly authorised officer of (or acting on behalf of) a supervisory authority in relation to a relevant person or a payment service provider ("P") has reasonable grounds to believe that -
(a) any premises are being used by P in connection with P’s business or professional activities; and
(b) P may have contravened the requirements of -
(i) [deleted]
(ii) the funds transfer regulation, or
(iii) these Regulations.
(2) The officer may, on producing evidence of the officer’s authority, at any reasonable time -
(c) observe the carrying on of business or professional activities by P;
(d) inspect any documents or other information found on the premises;
(e) require any person on the premises to provide an explanation of any document or to state where documents or information might be found;
(f) inspect any cash found on the premises.
(3) The officer may take copies of, or make extracts from, any documents fo
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