Schedule 9: Wholesale cash distribution Part 1 – New Part 5A of the Banking Act 2009 Miscellaneous Section 206Z3: Requirement to provide information
This section provides that the Bank may by notice in writing require a person to provide information which the Bank thinks will help HM Treasury in determining whether to make a wholesale cash oversight order (section 206G) or which the Bank otherwise requires in connection with its functions under this Part (see subsection (1)). The Bank may also by notice in writing require a person who performs a relevant function in relation to wholesale cash distribution activity to provide information which the Bank requires in connection with the exercise of its functions (whether under this Part or otherwise) in pursuance of the purpose mentioned in section 206C(2), or the Bank’s financial stability objective. A notice under subsection (1) or (2) may require the person to notify the Bank if events of a specified kind occur (see subsection (3)). A notice under subsection (1) or (2) may require information to be provided in a specified form or manner at a specified time in respect of a specified period (see subsection (4)).
	Under subsection (5) it is an offence for a person to fail without reasonable excuse to comply with a requirement under this section or knowingly or recklessly to give false information in pursuance of this section. Under subsection (6)(a), a fine may be imposed on a person found guilty of contravening a notice issued under this section.