Powers of the Registrar

(1) The Registrar may do all things necessary for the carrying out of its functions under this Act. (2) Without limiting sub-section (1), the Registrar may– (a) licence and register moneylenders; (b) supervise and monitor the operation of moneylenders to ensure that moneylenders comply with the terms and conditions of their licenses and with the provisions of this Act or the regulations and with any applicable directives issued by the in accordance with this Act; (c) inquire into the suitability of any person applying for a moneylending license or approval under this Act and to ensure that any person involved in the ownership, operation or of a moneylending business is a fit and proper person to carry out functions relative to such (d) use all powers vested in it by this or any other law to ensure that moneylending business is kept free from criminal activity, and to prevent, detect and take all reasonable measures to ensure the prosecution of any offence against this Act; (e) advise the Minister on new developments, needs and risks in moneylending business and to make such proposals as may be deemed necessary or expedient to respond to those risks; (f) take enforcement action and co-operate with domestic law enforcement and foreign regulatory authorities in accordance with this Act; (g) make regulations and guidelines and give directions in accordance with this act; (h) issue guidance notes referred to in section 37; (i) enter into bilateral or multilateral agreements or memoranda of understanding with other local or over foreign seas regulatory authorities, or other government agencies, for various matters including but not limited to exchange of information and other forms of collaboration or cooperation; (j) do all other things connected with or incidental to any of the foregoing; (k) perform any other function as may from time to time be assigned to it by this Act or any other law.