Registers, books, etc. E+W+S

48 Production of documents and provision of information for certain purposes. E+W+S

(1) the [F1 FCA] may at any time, by notice in writing served on a registered society or on any person who is or has been an officer of such a society, require that society or person to produce to the [F1 FCA] such books, accounts and other documents relating to the business of the society, and to furnish to [F2 it]such other information relating to that business, as the [F1 FCA] considers necessary for the exercise of any of the powers which [F2 it] has by virtue of section 16(1)(c)(ii), 16(4) or 56 of this Act; and any such notice may contain a requirement that any information to be furnished in accordance with the notice shall be verified by a statutory declaration.

(2) Any society or other person failing to comply with the requirements of a notice under the foregoing subsection shall be liable on summary conviction to a fine not exceeding [F3 level 3 on the standard scale] or to imprisonment for a term not exceeding three months or to both.

(3) the [F1 FCA] may, if [F2 it] considers it just, direct that all or any of the expenses incurred by [F2 it]in exercising [F2 its] powers under subsection (1) of this section in relation to any society shall, either wholly or to such extent as [F2 it] may determine, be defrayed out of the funds of the society or by the officers or former officers thereof or any of them; and any sum which any society or other person is required by such a direction to pay shall be a debt due to the Authority from that society or person.

Textual Amendments

F1 Word in s. 48 substituted (1.4.2013) by The Financial Services Act 2012 (Mutual Societies) Order 2013 (S.I. 2013/496), art. 1(1), Sch. 2 para. 2(1)(a)(2)(p) (with Sch. 12)

F2 Words in s. 48 substituted (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(1), Sch. 3 Pt. III para. 225 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)

F3 Words substituted (E.W.S.) by virtue of (E.W.) Criminal Justice Act 1982 (c. 48, SIF 39:1), ss. 38, 46 and (S.) Criminal Procedure (Scotland) Act 1975 (c. 21, SIF 39:1), ss. 289F, 289G

Modifications etc. (not altering text)

C1 S. 48 power to amend or repeal conferred (1.12.2013) by Co-operative and Community Benefit Societies and Credit Unions Act 2010 (c. 7), ss. 4(1)(2)(a)(3)(b), 8(2); S.I. 2013/2936, art. 2

C2 S. 48(1)(2) extended by Credit Unions Act 1979 (c. 34, SIF 55:3), s. 17(1)

C3 S. 48(3) extended by Credit Unions Act 1979 (c. 34, SIF 55:3), s. 17(1)