Commentary on Sections Enforcement Section 193: Inspection
428.This section gives the Bank of England the power to appoint inspectors, whose role it is to inspect the operation of a recognised inter-bank payment system (see subsection (1)). This power allows the Bank to appoint an inspector to check that codes of practice, principles, system rules or directions are being complied with, or that the recognised inter-bank payment system is being operated in a satisfactory manner.
429.Subsection (2) requires the operator of the recognised inter-bank payment system to co-operate with an inspector and grant the inspector access to the premises on or from which a payment system is operated.