Securities
[1989 Ed.
PART XÍ
INSPECTIONS AND INVESTIGATIONS
Inspections
122-125. (Repealed 10 of 1989 s. 65)
Investigations
126. Interpretation for the purposes of sections 127 to 134
In sections 127 to 134, unless the context otherwise requires--
“inspector” means an inspector appointed under section 127(1); "investigation" means an investigation made under section 127 by an inspector; "prescribed person" means a person suspected or believed by an inspector, on reasonable grounds, to be capable of giving information concerning any matter to be investigated by the inspector.
127. Investigation by inspector
(1) Where it appears to the Commission that it is desirable for the protection of the public or of the holders of securities to appoint an inspector to investigate--
(a) any alleged breach of trust, defalcation, fraud, or misfeasance; or
(b) any matter concerning dealing in securities or the giving of investment advice,
the Commission may, by instrument in writing, appoint a person as an inspector to investigate the allegation or matter and to report on it in such manner as the Commission directs. (Replaced 62 of 1976 s. 32)
(2) The Commission shall, in an instrument appointing an inspector, specify full particulars of the appointment including-
(a) the matters into which the investigation is to be made; and
(b) the terms and conditions of the appointment including terms and conditions relating to remuneration.
(3) An inspector may require a prescribed person by notice in the form prescribed by regulations given in the manner as prescribed--
(a) to produce to the inspector such documents relating to a matter with which his investigation is concerned as are in the custody or under the control of that person;
(b) to give to the inspector all reasonable assistance in connection with the investigation; and
(c) to appear before the inspector for examination on oath, and may administer the oath referred to in paragraph (c).
Securities
[1989 Ed.
PART XÍ
INSPECTIONS AND INVESTIGATIONS
Inspections
122-125. (Repealed 10 of 1989 s. 65)
Investigations
126. Interpretation for the purposes of sections 127 to 134
In sections 127 to 134, unless the context otherwise requires--
“inspector” means an inspector appointed under section 127(1); "investigation" means an investigation made under section 127 by an inspector; "prescribed person" means a person suspected or believed by an inspector, on reasonable grounds, to be capable of giving information concerning any matter to be investigated by the inspector.
127. Investigation by inspector
(1) Where it appears to the Commission that it is desirable for the protection of the public or of the holders of securities to appoint an inspector to investigate--
(a) any alleged breach of trust, defalcation, fraud, or misfeasance; or (b) any matter concerning dealing in securities or the giving of
investment advice,
the Commission may, by instrument in writing, appoint a person as an inspector to investigate the allegation or matter and to report on it in such manner as the Commission directs. (Replaced 62 of 1976 s. 32)
(2) The Commission shall, in an instrument appointing an inspector, specify full particulars of the appointment including-
(a) the matters into which the investigation is to be made; and
(b) the terms and conditions of the appointment including terms and
conditions relating to remuneration.
(3) An inspector may require a prescribed person by notice in the form prescribed by regulations given in the manner as prescribed--
(a) to produce to the inspector such documents relating to a matter with which his investigation is concerned as are in the custody or under the control of that person;
(b) to give to the inspector all reasonable assistance in connection
with the investigation; and
(c) to appear before the inspector for examination on oath, and may administer the oath referred to in paragraph (c).
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