Investor Compensation Act, 1998
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Amendment of section 56 of Stock Exchange Act, 1995. |
80.— Section 56 of the Stock Exchange Act, 1995 , is hereby amended in subsection (2)— | |
(a) by the insertion after paragraph (a) of the following paragraph: | ||
“(aa) secure for later inspection any premises or any part of a premises in which books, records or other documents are kept or there are reasonable grounds for believing that such books or records or other documents are kept,”, | ||
(b) by the insertion after paragraph (b) of the following paragraph: | ||
“(bb) subject to a warrant being issued for that purpose by a judge of the District Court, remove for a reasonable period for further examination any books, records or other documents which the officer finds in the course of his inspection,”, | ||
(c) by the insertion after paragraph (c) of the following paragraphs: | ||
“(cc) require any person by or on whose behalf data equipment is or has been used or any person having charge of, or otherwise concerned with the operation of, the data equipment or any associated apparatus or material, to afford the authorised officer reasonable assistance in relation thereto, | ||
(ccc) summon, at any reasonable time, any other person employed in connection with the investment business service or investment advice to give to the authorised officer any information which the officer may reasonably require in regard to such activity and to produce to the authorised officer any books, records or other documents which are in that person's power or control,”, | ||
and | ||
(d) by the insertion after paragraph (d) of the following paragraph: | ||
“(dd) may communicate with any client of a stock exchange or member firm for the purpose of confirming the investment services which were provided to the client.”. |