The Bank can go to a place where a licensed deposit taker does business to check on them. You might wonder why the Bank does this - it's because they want to make sure the deposit taker is doing things correctly, as mentioned in section 111. The Bank can do this if they think it's necessary or a good idea.

The Bank has to be reasonable when they do this, which means they can only go at a sensible time and in a sensible way. They don't have to tell the deposit taker they are coming to check on them. When the law talks about a "relevant place", it means any place where the deposit taker works or does business.

The Bank wants to make sure deposit takers are following the rules, so they can check on them at their place of business. This helps the Bank understand what the deposit taker is doing and if they need any help or guidance. The Bank is trying to keep an eye on things to make sure everything runs smoothly.