If you are an employee, director, or agent of a licensed deposit taker, you commit an offence if you do not have a good reason to refuse or fail to answer questions or give information when required to do so under section 113. You also commit an offence if you resist, obstruct, or delay the Bank when they are carrying out an on-site inspection. This means you must cooperate with the Bank and provide the information they need.

If you commit this offence, you can be fined when you are convicted. If you are an individual, the fine can be up to $50,000. If you are not an individual, the fine can be up to $500,000.

You must comply with the requirements of the Bank when they are inspecting the deposit taker you work for, to avoid committing an offence and facing a fine.