(1) This regulation applies where it is necessary for the Bank to determine whether -

(a) a settlement internaliser [Defined in Article 2(1)(11) of the CSD regulation.] has complied with the first sub-paragraph of Article 9(1) of the CSD regulation or regulation 5N; or

(b) a person is a settlement internaliser.

(2) The Bank may, by giving notice in writing, require a person -

(a) to provide specified information or information of a specified description, or

(b) to provide specified documents or documents of a specified description,

so that it can verify whether the settlement internaliser has complied with the first sub-paragraph of Article 9(1) of the CSD regulation or regulation 5N, or whether the person is a settlement internaliser.

(3) The information or documents must be provided or produced -