[295A On-site inspection of EEA [United Kingdom branches of third country] CSDs]
[295A On-site inspection of EEA [United Kingdom branches of third country] CSDs]

[(1)     For the purposes of Article 24(1) of the CSD regulation (co-operation in relation to branches of EEA CSDs) [Article 25(11) of the CSD regulation], the Bank of England may, on giving reasonable notice and at any reasonable time, carry out an on-site inspection of any branch maintained by an EEA CSD [a third country CSD] in the United Kingdom.

(2)     Before carrying out an on-site inspection under subsection (1), the Bank of England must inform the competent authority of the EEA State in which the EEA CSD is established.

(3)     The Bank of England's power under subsection (1) is

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