LawgistThe Payment and Settlement Systems Act
16Power to carry out audit and inspection
The Reserve Bank may, for the purpose of carrying out its functions under this Act, conduct or get conducted audits and inspections of a payment system or participants thereof and it shall be the duty of the system provider and the system participants to assist the Reserve Bank to carry out such audit or inspection, as the case may be.
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REGULATION AND SUPERVISION BY THE RESERVE BANK
- 10 Power to determine standards
- 11 Notice of change in the payment system
- 12 Power to call for returns, documents or other information
- 13 Access to information
- 14 Power to enter and inspect
- 15 Information, etc., to be confidential
- 16 Power to carry out audit and inspection
- 17 Power to issue directions
- 18 Power of Reserve Bank to give directions generally
- 19 Directions of Reserve Bank to be complied with
