Print Options

(1) Where foe Commission

(a) has reason to suspect that a person has

(i) committed an offence under this Act or foe Companies Act, 1963 (Act 179), or

(ii) been guilty of fraud or dishonesty in relation to dealing in securities and foe business of an issuer; and

(b) is assisting other domestic and foreign regulatory authorities in their investigation, it may make foe investigation it considers proper in pursuance of this Act.

(2) The Commission may delegate its powers under subsection (1) to a person with the qualifications that it considers appropriate.

(3) The person under investigation shall afford the Commission or its appointed person access to foe books, documents, records and files that may be required to conduct the investigation.

(4) For foe purpose of any investigation, or any other proceeding under this Act, a member of foe Board or an officer designated by the Board is empowered to administer oaths and affirmations, take evidence, and require foe production of any book, paper, correspondence, memorandum, or other records which the Commission deems relevant or material to foe inquiry.