(1) For the purpose of monitoring compliance with this Act or the regulations, an inspector, by written notice served on an ADI, may require the ADI to—
(a) produce for inspection or copying by the inspector any documents or other information specified in the notice that the inspector reasonably believes to be relevant to the monitoring of compliance; and
(b) provide the inspector with full details of any transactions relating to trust accounts or trust money.
(2) An ADI must, without charge, comply with a notice under sub-section (1) despite any duty of confidence, or any law relating to confidentiality, to the contrary.