Part I Constitution, regulation and financial arrangements

Financial arrangements

7GF1Right to obtain documents and information

1

A person conducting an examination under section 7D or a review under section 7F—

a

has a right of access at any reasonable time to any document the person may reasonably require for the purposes of the examination or review, and

b

may require any person holding or accountable for any such document to provide such information and explanation as are reasonably necessary for that purpose.

2

Subsection (1) applies to documents in the custody or under the control of—

a

the Bank;

b

the auditor or auditors appointed by the Bank under section 7(5).

3

In the case of an examination under section 7D(1)(b), subsection (1) also applies to documents in the custody or under the control of—

a

the company to which the examination relates;

b

the auditor or auditors of that company.

4

An obligation imposed on a person as a result of the exercise of the powers conferred by subsection (1) is enforceable by injunction or, in Scotland, by an order for specific performance under section 45 of the Court of Session Act 1988.