s 16 Obligation of licensee to provide information to Authority
16.—(1) Subject to subsection (4), the Authority may, by written notice, require any licensee, or any person acting on behalf of a licensee, to provide to the Authority, within such period as the Authority may specify in the notice, all such information relating to the licensee’s business of providing any payment service as the Authority may specify in the notice. (2) Without limiting subsection (1), the Authority may, in the notice under that subsection, require any person mentioned in that subsection to provide —(a) information relating to any of the following matters:(i) the operations of the licensee; (ii) the pricing of, or any other form of consideration for, any payment service offered or provided by the licensee; and (b) such other information as the Authority may require for the purposes of this Act. (3) Subject to subsection (4) —(a) a requirement imposed by the Authority under this section has effect despite any obligation as to secrecy or other restrictions upon the disclosure of information imposed by any rule of law or contract; and (b) a person that complies with a requirement imposed by the Authority under this section is not to be treated as being in breach of any restriction on the disclosure of the information imposed by any rule of law or contract. (4) Nothing in this section requires a person to disclose any information subject to legal privilege. (5) A person that fails to comply with a notice under subsection (1) shall be guilty of an offence and shall be liable on conviction —(a) in the case of an individual, to a fine not exceeding $12,500 or to imprisonment for a term not exceeding 12 months or to both and, in the case of a continuing offence, to a further fine not exceeding $1,250 for every day or part of a day during which the offence continues after conviction; or (b) in any other case, to a fine not exceeding $25,000 and, in the case of a continuing offence, to a further fine not exceeding $2,500 for every day or part of a day during which the offence continues after conviction.