11 (5) Any designated institution, trader or parastatal which hinders or obstructs or fails to comply with a lawful request of an inspector, assistant of an inspector or police officer in terms of this section shall be guilty of an offence and liable to a fine not exceeding level eight or imprisonment for a period not exceeding three years, or both. (6) A court convicting a person of failing to give information or to produce any book, account, notice, record, list or other document when required to do so under this section may require the person, within such period as the court may specify, to comply with the requirement to give the information or to produce the book, account, notice, record, list or other document, as the case may be. 7 Power of Director to issue directives to financial institutions for purposes of this Act (1) The Director may, in consultation with the Governor of the Reserve Bank, issue to financial institutions or any class of financial institution written directives of a general character not inconsistent with this Act relating to the exercise of any functions conferred or imposed on financial institutions by or under this Act which, in the Director’s opinion, are necessary or convenient to be so issued for the better administration and implementation of this Act. (2) Without derogating from the generality of subsection (1) directives issued under subsection (1) may provide for the following matters— (a) for so long as section twenty-one remains in force— (i) the hours during which financial institutions shall be open for the purpose of enabling persons to withdraw cash; (ii) the priority to be given as between individuals and persons other than individuals in the allocation of cash available for withdrawal during specified hours; (b) accounts, returns and reports to be submitted to the Unit by financial institutions; (c) the form of applications, permissions, authorities, accounts, returns and reports made, granted, issued or submitted under this Act; (d) the suspension or cancellation of any permission or authority granted or issued in terms of this Act. (3) Any directive issued under this section— (a) may be absolute or conditional; (b) may be limited so as to expire on a specified date unless renewed; (c) may be revoked or varied in the same way as it was issued; (d) shall be given to such persons or published in such manner as, in the opinion of the Director, will give any person affected by it an adequate opportunity of getting to know of it. (4) Subject to subsections (6) and (7), any financial institution which fails to comply with a directive within the period specified in the directive (or such longer period as the Director may, for good cause shown, allow in writing) shall be guilty of an offence and liable to a fine not exceeding level eight for each day during which it is in default of compliance with the directive, calculated from the day when the directive was issued. (5) The Director may, in his or her discretion, publish a directive by notice in the Gazette,