(1) The Bank -

(a) may require an electronic money issuer to provide such information as it requires to monitor the institution's compliance with these Regulations,

(b) may carry out on-site inspections at -

(i) the premises of an electronic money issuer,

(ii) any distributor, agent or branch issuing electronic money or providing payment services under the responsibility of an electronic money issuer,

(iii) the premises of any entity to which an electronic money issuer's activities are outsourced, and

(iv) any premises at which the issuance of electronic money or payment services are, or are suspected of being, conducted,

and

(c) may issue recommendations and guidelines.