Cap. 450 Art. 53Appointment of inspectors.

(1) The Authority may, whenever it deems it necessary or expedient, appoint an inspector or inspectors to investigate and report on the affairs of any person, scheme, overseas retirement plan or retirement fund referred to in article 52(1)(i) to (iii).

(2) An inspector appointed under subarticle (1) -

(a) may also, if he thinks it necessary or expedient for the purposes of that investigation, investigate the affairs of any person, scheme, overseas retirement plan or retirement fund mentioned in subarticle (1);

(b) shall have and may exercise all the powers conferred on the Authority by article 51, and any requirement made by him shall be deemed to be and have the same force and effect as a requirement by the Authority; and

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

(3) The Authority shall have power to order that all expenses of, and incidental to, an investigation pursuant to this article be paid by the person, scheme or retirement fund concerned.