52
CAP. 24]
Securities and Futures Commission
[1989 Ed.
(3) For the purpose of an inspection under subsection (1)(b), the registered person or other person mentioned in subsection (2) shall afford an authorized person access to such records or other documents as may reasonably be required for the inspection, and shall produce to the authorized person such records or other documents as he may reasonably require.
(4) Where-
(a) a copy of any record or other document is supplied by a registered person in compliance with a requirement made under this section; or
(b) a copy of any record or other document is made in the exercise of a power conferred by this section and a photocopying machine or other facility or a registered person is used to make the copy, the Commission shall reimburse the photocopying or other expenses which, in the opinion of the Commission, have been reasonably incurred by the registered person in making the copy.
(5) Nothing in this section shall be construed as requiring an institution authorized to carry on banking business or the business of taking deposits under the Banking Ordinance (Cap. 155) to produce any record or other document relating to the affairs of a customer to an authorized person unless the Commission is satisfied that such production is necessary for the purposes of this section and certifies in writing that that is the case; and where the Commission so certifies in respect of any such institution, such institution shall comply with any requirement under subsection (2) or (3) that applies in its case.
(6) Any person who, without reasonable excuse, contravenes subsection (3) commits an offence.
(7) Any person who, without reasonable excuse, in purported compliance with a requirement made under this section, produces a record or other document which he knows to be false or misleading in a material particular commits an offence.
(8) An authorized person shall be furnished by the Commission with a copy of his authorization, and he shall, when entering any premises under this section, produce the copy of the authorization for inspection by any person who is present and who is affected by the exercise of the power.
31. Information relating to transactions
(1) The Commission or any person authorized in writing by the Commission for the purposes of this section may require-
(a) a person registered as the holder of any securities or futures contracts; or
(b) a person reasonably believed by the Commission or the person so authorized to be the holder of any securities or futures contracts or to hold any interest in property investment arrangements; or
52
CAP. 24]
Securities and Futures Commission
[1989 Ed.
(3) For the purpose of an inspection under subsection (1)(b), the registered person or other person mentioned in subsection (2) shall afford an authorized person access to such records or other documents as may reasonably be required for the inspection, and shall produce to the authorized person such records or other documents as he may reasonably require.
(4) Where-
(a) a copy of any record or other document is supplied by a registered person in compliance with a requirement made under this section; or
(b) a copy of any record or other document is made in the exercise of a power conferred by this section and a photocopying machine or other facility or a registered person is used to make the copy, the Commission shall reimburse the photocopying or other expenses which, in the opinion of the Commission, have been reasonably incurred by the registered person in making the copy.
(5) Nothing in this section shall be construed as requiring an institution authorized to carry on banking business or the business of taking deposits under the Banking Ordinance (Cap. 155) to produce any record or other document relating to the affairs of a customer to an authorized person unless the Commission is satisfied that such production is necessary for the purposes of this section and certifies in writing that that is the case; and where the Commission so certifies in respect of any such institution, such institution shall comply with any requirement under subsection (2) or (3) that applies in its case.
(6) Any person who, without reasonable excuse, contravenes subsection (3) commits an offence.
(7) Any person who, without reasonable excuse, in purported compliance with a requirement made under this section, produces a record or other document which he knows to be false or misleading in a material particular commits an offence.
(8) An authorized person shall be furnished by the Commission with a copy of his authorization, and he shall, when entering any premises under this section, produce the copy of the authorization for inspection by any person who is present and who is affected by the exercise of the power.
31. Information relating to transactions
(1) The Commission or any person authorized in writing by the Commission for the purposes of this section may require-
(a) a person registered as the holder of any securities or futures
contracts; or
(b) a person reasonably believed by the Commission or the person so authorized to be the holder of any securities or futures contracts or to hold any interest in property investment arrangements; or
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