(1) For the purposes of carrying out any investigation or inquiry under this Act and the Regulations in respect of a credit bureau, the Central Bank —
(a) may request from the credit bureau any information that the Central Bank may require in order to evaluate any matter arising —
(i) under this Act and the Regulations; or
(ii) from the operations of the credit bureau;
(b) may issue such guidelines, rules or directives as the Central Bank considers appropriate;
(c) may require access to the books, records, accounts, vouchers, minutes of meetings and any other document of the credit bureau;
(d) may demand the production of, and inspect, any record of the credit bureau or a person with respect to whom an inspection or inquiry is being made or conducted under this Part; and
(e) shall exercise such other information gathering and enforcement powers set out in this Part and the Regulations.
(2) Where the Central Bank demands the production of any record under subsection (1)(d), any person who has the custody, possession or control of the record referred to in that subsection shall produce such record and permit inspection of the record by the Central Bank.
(3) Every credit bureau shall comply with any guidelines, rules or directives issued by the Central Bank under this section.
(4) A credit bureau commits an offence if the credit bureau fails or refuses to comply with any guidelines, rules or directives issued by the Central Bank under subsection (1)(b) and is liable, on summary conviction, to a fine not less than $10 000 but not exceeding $100 000.