Cap. 632 Art. 14Duty to provide information.

(1) Every insolvency practitioner or registered firm shall provide the competent authority with such information as the competent authority may reasonably require, or as may be prescribed in directives issued by the competent authority under this Act, and shall give notice to the competent authority of any relevant change in any information previously given to it within fourteen (14) days after the date on which the change occurs.

(2) Where, in the course of an investigation carried on by the competent authority, an insolvency practitioner or registered firm intentionally alters, hides or fails to disclose, or otherwise suppresses information relevant to an investigation or that the competent authority demands to see in pursuance of its functions under article 11, the insolvency practitioner, or insolvency practitioners being responsible for the performance of a registered firm’s functions in terms of article 4(2), shall on conviction be liable to a term of imprisonment of not less than three (3) months and not more than two (2) years, or to a fine (multa) not exceeding fifty thousand euro (€50,000), or to both such fine (multa) and imprisonment.