(1) The FCA or PRA may by notice in writing require a credit union or an officer or former officer of a credit union -

(a) to produce to it such books, accounts and other documents relating to the credit union's business, and

(b) to provide it with such other information relating to that business,

as it considers necessary for the exercise of its functions under this Act.

(2) The notice must be served on the credit union or other person.

(3) The notice may contain a requirement that any information provided in accordance with the notice is to be verified by a statutory declaration.

(4) A credit union or other person who fails to comply with a notice under this section commits an offence.

(5) A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale.