Information by reporting entity, when due

(1) Where in this Act, there is a requirement for a reporting entity to provide information to the competent authority, that information shall be provided within ten days of the request. (2) Where a reporting entity is to comply with a request within ten days it shall notify the competent authority in writing 152[CAP. 104 Money Laundering and Terrorism (Prevention) prior to the expiration of the ten days of its inability to comply and shall provide a reasonable time period in which the information will be provided. Schedule III.