1989 Ed.]
Securities
[CAP. 333
95
exercise all or any of the powers set out in subsection (2) and to report to the Tribunal the information so obtained which is relevant to the inquiry.
(2) The powers referred to in subsection (1) are-
(a) to inspect the books and documents of any person where the Tribunal has reasonable grounds to believe or suspect that those books or documents may contain information relevant to the inquiry;
(b) to make copies of and take extracts from books and documents referred to in paragraph (a) and, subject to subsection (3), to take possession of the same for such period (not exceeding 2 days) as is necessary for the purpose of doing so;
(c) to require any person to give any explanation or particulars concerning books and documents referred to in paragraph (a);
(d) in writing to require from any person information as to whether or not there is at any premises any book or document which may contain information relevant to the inquiry, and particulars as to such premises, book or document;
(e) to require that any information or particulars furnished pursuant to this section be verified by statutory declaration and to take any such declaration.
(3) Where the Commission takes possession of any book or document under subsection (2)(b) it shall permit a person who would be entitled to inspect it if it were not in the possession of the Commission to inspect it, and to make copies and take extracts, at all reasonable times.
(4) A person shall produce all books and documents in his custody or under his control, the inspection whereof is sought by the Commission under the authority of this section.
(5) Any person who is required under this section to disclose any information or particulars or give any explanation shall comply with that requirement so far as lies within his power to do so and shall, if requested, verify the information, particulars or explanation by statutory declaration.
(6) A person commits an offence who-
(a) contravenes subsection (4) or (5);
(b) in purported compliance with subsection (4) or (5), makes any statement which he knows to be false or misleading or recklessly makes any statement which is false or misleading in a material particular;
(c) obstructs the Commission in the exercise of its powers under this section;
(d) conceals, destroys, mutilates or alters any book or document which contains information which is relevant to an inquiry or sends any such book or document out of Hong Kong or causes the same to be so sent,
1989 Ed.]
Securities
[CAP. 333
95
exercise all or any of the powers set out in subsection (2) and to report to the Tribunal the information so obtained which is relevant to the inquiry.
(2) The powers referred to in subsection (1) are-
(a) to inspect the books and documents of any person where the Tribunal has reasonable grounds to believe or suspect that those books or documents may contain information relevant to the inquiry;
(b) to make copies of and take extracts from books and documents referred to in paragraph (a) and, subject to subsection (3), to take possession of the same for such period (not exceeding 2 days) as is necessary for the purpose of doing so;
(c) to require any person to give any explanation or particulars
concerning books and documents referred to in paragraph (a); (d) in writing to require from any person information as to whether or not there is at any premises any book or document which may contain information relevant to the inquiry, and particulars as to such premises, book or document;
(e) to require that any information or particulars furnished pursuant to this section be verified by statutory declaration and to take any such declaration.
(3) Where the Commission takes possession of any book or document under subsection (2)(b) it shall permit a person who would be entitled to inspect it if it were not in the possession of the Commission to inspect it, and to make copies and take extracts, at all reasonable times.
(4) A person shall produce all books and documents in his custody or under his control, the inspection whereof is sought by the Commission under the authority of this section.
(5) Any person who is required under this section to disclose any information or particulars or give any explanation shall comply with that requirement so far as lies within his power to do so and shall, if requested, verify the information, particulars or explanation by statutory declaration.
(6) A person commits an offence who-
(a) contravenes subsection (4) or (5);
(b) in purported compliance with subsection (4) or (5), makes any statement which he knows to be false or misleading or recklessly makes any statement which is false or misleading in a material particular;
(c) obstructs the Commission in the exercise of its powers under this
section;
(d) conceals, destroys, mutilates or alters any book or document which contains information which is relevant to an inquiry or sends any such book or document out of Hong Kong or causes the same to be so sent,
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