Section 31: Appointment of Directors with Supervisory Functions and Other Examiners.

(1) The Governor shall appoint one or more officers of the Bank, not below the rank of director, charged with supervisory functions over regulated entities, who shall be known by such titles as the Governor may specify and who shall be responsible, on behalf of the Bank, for the supervision of banks and other financial institutions, specialised banks as the Governor may specify.
(2) The director or directors appointed under subsection (1) shall have the power to carry out supervisory duties in respect of banks, other financial institutions and specialised banks, as the Governor may specify, and, for that purpose, shall-
(a) under conditions of confidentiality, examine periodically the books and affairs of each bank, other financial institution or specialised bank;
(b) have a right of access at all times to the books, accounts and vouchers or like documents of banks, other financial institutions and specialised banks;
(c) have power to require from directors, managers and officers of banks, other financial institutions and specialised banks such information and explanation as the Governor deems necessary for the discharge of their duties under this section.
(3) The Governor shall appoint to assist the directors appointed under subsection (1), such other officers of the Bank as the Governor may determine.
(4) The officers may be designated examiners or have such other titles as the Governor may specify.
(5) For the purpose of this section, references to examiners are references to the director appointed under subsection (1) and any officer of the Bank appointed under subsection (3).
(6) In examining the affairs of any bank, other financial institutions or specialised banks under this Act, an examiner at all times shall avoid unreasonably hindering the daily business of the bank, specialised bank or other financial institution.
(7) Every bank shall produce to the examiner, at such times as the examiners may specify, all books, accounts, documents and information which they may require.