(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.