Cap. 610 Art. 5Power to demand information and assistance and to summon persons for hearing.

(1) Without prejudice to any powers of the

Regulator arising under any other law, in the exercise of his functions and powers under this Act the Regulator shall have the power to demand information in any form whatsoever and to receive a written statement of it and to demand by notice in writing the aforesaid information promptly from any person. In particular, the Regulator may require any person referred to in article 4(1):

(a) to furnish to the Regulator, at such time and place and in such form as he may specify, such information as he may require;

(b) to furnish to the Regulator any information in the form of a written statement or any information verified in such manner as he may specify;

(c) to attend before the Regulator, at such time and place as he may specify, to answer questions and provide information and documentation; and

(d) to give the Regulator any assistance which he may require and which that person is reasonably able to give.

(2) Any person requested to provide information by virtue of sub-article (1), in particular the directors and managers, by whatever name designated, or any other persons who are or have been in charge of the operations or activities at issue, shall assist and shall promptly collaborate with the Regulator in order to enable him to discharge his functions, and shall collate and transmit without any undue delay such information as the Regulator may reasonably request from time to time.

(3) Where the person required to provide information under this article does not have the requested or relevant information, he shall promptly disclose to the Regulator where, to the best of his knowledge, that information may be found and the Regulator may require any person, whether indicated as aforesaid or not, who may be in possession of it to provide such information.