1. Competent authorities shall have all supervisory, investigatory and sanctioning powers necessary to fulfil their duties under this Regulation.
2. The powers referred to in paragraph 1 shall include at least the following powers to:
(a) have access to any document or data held in any form that the competent authority considers relevant for the performance of its duties and receive or take a copy of it;
(b) carry out on-site inspections or investigations, which shall include but shall not be limited to;
(i) summoning representatives of the financial entities for oral or written explanations on facts or documents relating to the subject matter and purpose of the investigation and to record the answers;
(ii) interviewing any other natural or legal person who consents to be interviewed for the purpose of collecting information relating to the subject matter of an investigation;
(c) require corrective and remedial measures for breaches of the requirements of this Regulation.
3. Without pr
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