or futures contracts were acquired or disposed of), the quantity
securities or futures contracts and the instructions given as
regards their acquisition or disposal. The Commission may require
disclosure to be made by the registered person concerned, by a
person on whose behalf the Commission reasonably believes the
securities or futures contracts have been acquired or disposed of
through a nominee or trustee, by such a nominee or trustee or by an
agent of a person so acquiring or disposing.
Failure to comply, or
furnishing false information, is an offence.
23. Clause 30 enables the Commission to certify to the High
Court failures to comply with requirements made under clauses 28 or
29, and provides that the High Court may punish the offender as for
contempt.
24. Clause 31 enables the Commission to conduct
investigations concerning the possible commission of offences under
the Bill and certain other Ordinances (the "relevant Ordinances"),
certain possible defalcations or other breaches of trust, certain
frauds or misfeasances, possible insider dealing or the possibility
that the manner in which a person has engaged, or is engaging in,
certain specified activities is not in the interest of either the
investing public or the public generally. The Commission must in
all cases have a reasonable belief as regards the relevant
possibility before an investigation can be initiated. Where an
investigation is conducted, the person investigating is given
powers to require certain persons to produce documents etc., to
require from them explanations as regards records and documents
produced, to require them to attend before him and truthfully
answer questions relating to the matters being investigated, and to