Schedule 9: Wholesale cash distribution Part 1 – New Part 5A of the Banking Act 2009 Enforcement Section 206O: Inspection
This section gives the Bank the power to appoint one or more persons to inspect the performance by a recognised person of a relevant function in relation to a wholesale cash distribution activity (see subsection (1)). This power allows the Bank to appoint an inspector to check that codes of practice, principles, or directions are being complied with, or that the performance by a recognised person of a relevant function is being carried out in a satisfactory manner.
	Subsection (2) requires a recognised person who performs a relevant function in relation to a wholesale cash distribution activity to co-operate with an inspector and grant the inspector access, on request and at any reasonable time, to premises on or from which any part of the function is performed, and otherwise co-operate with an inspector.