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Cap. 645 · Credit Servicers And Credit Purchasers (Cap. 645)

Cap. 645 чл. 23Power to appoint inspectors.    Cap. 281.

PART III

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(1) The competent authority may, whenever it deems it necessary or expedient, appoint an inspector to investigate and report on the affairs of any persons referred to in article 22(2).

(2) An inspector appointed under sub-article (1):

(a) may, if he deems it necessary or expedient for the purposes of an investigation, investigate the affairs of any person mentioned in sub-article (1);

(b) shall have and may exercise all the powers conferred on the competent authority by article 22, and any requirement imposed by the said inspector shall be deemed to be and have the same force and effect as a requirement imposed by the competent authority; and

(c) may, and if so directed by the competent authority shall, prepare and submit interim reports and, on the conclusion of his investigation, a final report to the competent authority.

(3) In appointing an inspector under sub-article (1), the competent authority may direct that the investigation shall be carried out within such time and shall be limited to such specific or general matters as the competent authority may deem fit.

(4) For the purposes of this article, the inspectors may include an advocate, a person authorised to carry out the profession of accountant or auditor in accordance with the Accountancy Profession

Act, or a person considered by the competent authority as possessing suitable expertise to exercise such function.

(5) The competent authority shall have the power to order that all expenses of, and incidental to, an investigation carried out in accordance with this article shall be paid by the persons referred to in sub-article (1).