46. Power of Bank to inspect

The Bank may, in considering whether—

to designate or recommend to the Minister to designate a payment system under section 39;

to designate an Islamic payment instrument under section 41; or

to recommend to the Minister to include an operation of a payment system into Part 1 of Schedule 1 under section 275, inspect the premises, apparatus, equipment, machinery, documents and transactions relating to the payment system or Islamic payment instrument, upon giving a written notice to the operator or issuer.