(1) A justice of the peace may issue a warrant under this section if satisfied on information on oath given by or on behalf of the Payment Systems Regulator or an investigator that there are reasonable grounds for believing that the first or second set of conditions is satisfied.
(2) The first set of conditions is -
(a) that a person on whom an information requirement has been imposed has failed (wholly or in part) to comply with it, and
(b) that on the premises specified in the warrant -
(i) there are documents which have been required, or
(ii) there is information which has been required.
(3) In this section "information requirement" means -
(a) a requirement imposed by the Payment Systems Regulator under section 81 or 86, or
(b) a requirement imposed by an investigator under section 85 or 86.
(4) The second set of conditions is -
(a) that the premises specified in the warrant are premises of a participant in a regulated payment system,
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