1.The Authority may request information from and, at all reasonable times, enter any premises or place of business of a Reporting Financial Institution for the purposes of:

1. a- determining whether information included in an information return made under these Regulations by the institution is correct and complete, or
    
2. b. determining whether information not included in the information return made under these Regulations was not included correctly; or
    
3. c. examining the procedures put in place by a Reporting Financial Institution for the purposes of ensuring compliance with that Reporting Financial Institution's obligations under these Regulations.

2.The Authority may, by notice in writing, require a Reporting Financial Institution to give the Authority within such time, not being less than fourteen (14) days, as may be provided by the notice, with such information (including copies of any relevant books, records or other documents) as the Authority officer may reasonably require for any purpose relating to the administration or enforcement of these Regulations.

3.The Authority may require a Reporting Financial Institution to produce books, records or other documentation; to provide information, explanations and particulars; and to give all assistance which the Authority may reasonably relating to the administration or enforcement of these Regulations.

4.The Authority may request information from any Account Holder that has a Reportable Account held with a Reporting Financial Institution subject to the supervision of the Authority for purposes of these Regulations, inclusive of (but not limited to) all records held in connection with the information or certifications provided to the Reporting Financial Institution pursuant to these Regulations, and the Authority may ask a Reporting Financial Institution to assist it to obtain such information or records from Account Holders.

5.Every Reporting Financial Institution shall keep records of the steps undertaken and any evidence relied upon for the performance of the due diligence procedures and measures to obtain those records that the Reporting Financial Institution obtains or creates for the purpose of complying with these Regulations.

6- Every Reporting Financial Institution required by these Regulations to keep records that does so electronically shall retain them in an electronically readable format for the retention period of five (5) years after the date of reporting to the Authority as per Schedule 1, Section I, Paragraph F.

7- Every Reporting Financial Institution that obtains or creates records, as required under these Regulations, in a language other than English shall, upon request, provide an English translation to the Authority.

8- Under these Regulations, every Reporting Financial Institution is required to file their information returns electronically with the Authority.

9- Every Reporting Financial Institution required to report certain information by these Regulations, shall file such information electronically using such technology as may be approved or provided by the Authority, and in such form as the Authority may require.