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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 13 January 2018 - onwards
  Version 2 of 2    

Regulation 122 Supervision

The Bank may -

(a) require a payment service provider to provide any information needed to monitor the institution’s compliance with these Regulations,

(b) carry out on-site inspections at -

(i) the premises of a payment service provider,

(ii) any agent or branch providing payment services under the responsibility of a payment service provider,

(iii) the premises of any entity to which a payment service provider’s activities are outsourced, and

(iv) any premises at which payment services are, or are suspected of being conducted, and

(c) issue recommendations, guidelines, policy statements and codes of practice.

Comparing proposed amendment...