1989 Ed.]
Securities
[CAP. 333
93
to the securities of a corporation has taken place or may have taken place, he may in accordance with this section require the Tribunal to inquire into the matter (in this Part referred to as "an inquiry").
(2) An inquiry shall be instituted by notice in writing from the Financial Secretary to the chairman of the Tribunal containing such particulars as are sufficient to define the terms of reference of the inquiry.
(3) The object of an inquiry shall be to determine, within the Tribunal's terms of reference-
(a) whether culpable insider dealing in relation to the securities of a
corporation has taken place; and
(b) the identity of the persons involved therein and the extent of their
culpability.
(4) In making a determination under subsection (3)(b), the Tribunal shall not be limited to the identity and culpability of an immediate party to an insider dealing but may, subject to section 141C-
(a) include any other person connected with the dealing;
(b) in the case of a body corporate, include the individuals who
exercised control in the management thereof.
141I. Report of Tribunal following inquiry
(1) Upon receipt of a notice under section 141H(2) the Tribunal shall conduct an inquiry in accordance with the provisions of this Part and Schedule 3, and prepare a written report thereon.
(2) No person shall publish any material received by the Tribunal for the purposes of an inquiry and which comes to his knowledge by virtue of being so received.
(3) Any person who contravenes subsection (2) commits an offence and is liable on conviction on indictment to a fine of $10,000 and to imprisonment for 1 year.
(4) The Tribunal shall issue its report in the following manner-
(a) by first furnishing a copy to the Financial Secretary; and
(b) thereafter, subject to subsection (5), by-
(i) causing the report to be published in such manner that
copies thereof are available to the public; and
(ii) furnishing a copy, so far as is reasonably practicable, to any person whose conduct was directly in question in the inquiry.
(5) Where the Tribunal intends to cause a report to be published which contains a finding that a person is not culpable in respect of a dealing which has been the subject of an inquiry, the following provisions shall apply-
(a) if that person has supplied to the Tribunal an address for service for the purposes of this subsection, the Tribunal shall cause a
1989 Ed.]
Securities
[CAP. 333
93
to the securities of a corporation has taken place or may have taken place, he may in accordance with this section require the Tribunal to inquire into the matter (in this Part referred to as "an inquiry").
(2) An inquiry shall be instituted by notice in writing from the Financial Secretary to the chairman of the Tribunal containing such particulars as are sufficient to define the terms of reference of the inquiry.
(3) The object of an inquiry shall be to determine, within the Tribunal's terms of reference-
(a) whether culpable insider dealing in relation to the securities of a
corporation has taken place; and
(b) the identity of the persons involved therein and the extent of their
culpability.
(4) In making a determination under subsection (3)(b), the Tribunal shall not be limited to the identity and culpability of an immediate party to an insider dealing but may, subject to section 141C-
(a) include any other person connected with the dealing;
(b) in the case of a body corporate, include the individuals who
exercised control in the management thereof.
1411. Report of Tribunal following inquiry
(1) Upon receipt of a notice under section 141H(2) the Tribunal shall conduct an inquiry in accordance with the provisions of this Part and Schedule 3, and prepare a written report thereon.
(2) No person shall publish any material received by the Tribunal for the purposes of an inquiry and which comes to his knowledge by virtue of being so received.
(3) Any person who contravenes subsection (2) commits an offence and is liable on conviction on indictment to a fine of $10,000 and to imprisonment for 1 year.
(4) The Tribunal shall issue its report in the following manner-
(a) by first furnishing a copy to the Financial Secretary; and
(b) thereafter, subject to subsection (5), by-
(i) causing the report to be published in such manner that
copies thereof are available to the public; and
(ii) furnishing a copy, so far as is reasonably practicable, to any person whose conduct was directly in question in the inquiry.
(5) Where the Tribunal intends to cause a report to be published which contains a finding that a person is not culpable in respect of a dealing which has been the subject of an inquiry, the following provisions shall apply-
(a) if that person has supplied to the Tribunal an address for service for the purposes of this subsection, the Tribunal shall cause a
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