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15.—(1) This regulation applies to payments of interest made by relevant financial institutions in respect of relevant investments.
(2) An officer may by notice require a relevant financial institution to provide such information (including copies of any relevant books, documents and other records) as that officer may reasonably require for the purposes of these Regulations and, in particular, in relation to the matters covered in paragraph (3).
(3) The matters are—
(a)verifying payments of interest made without deduction of tax in accordance with these Regulations;
(b)determining whether a certificate has been supplied in accordance with Part 2;
(c)verifying amounts of interest paid by the relevant financial institution to which this regulation applies; and
(d)verifying amounts representing income tax deducted by the relevant financial institution from such payments in accordance with section 851.
(4) The information required must be provided within such time (not being less than 14 days) as stated in the notice.
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