S.L. 370.9 Art. 26Power of the Management Committee to obtain information.

(1) The Management Committee may request participants, either directly or through the competent authority, to provide such information which the Management Committee may consider relevant for the proper administration of the Scheme, within a period of time as may be established by the Management Committee. The request may be addressed to the participant or to any of its directors or officials who are in possession of such information.

(2) Without prejudice to any provision of these regulations, a participant or any director or official thereof, who fails to comply with the Management Committeeis request for information within the period of time established by the Management Committee in terms of subregulation (1), or who knowingly or recklessly furnishes information, or makes a statement which is inaccurate, false or misleading in any material respect, shall be liable to an administrative penalty not exceeding two thousand and three hundred and twenty-nine euro and thirty-seven cents (2,329.37) as may be imposed by the competent authority by means of a notice in writing and without recourse to a court hearing.

(3) Where an administrative penalty has been imposed by the competent authority in terms of subregulation (2), an appeal shall lie to the Financial Services Tribunal in accordance with articles 6 and 19 of the Act.