Part XIU.K. Information Gathering and Investigations

Modifications etc. (not altering text)

C1Pt. 11 modified (1.12.2001) by S.I. 2001/2657, arts. 1(1), 18(2) (which was revoked (8.10.2001) by S.I. 2001/3083, arts. 1(2), 23); S.I. 2001/3538, art. 2(1)

Pt. 11 modified (1.12.2001) by S.I. 2001/3083, arts. 1(2), 18(2)(4); S.I. 2001/3538, art. 2(1)

Pt. 11 extended (with modifications) (1.12.2001) by S.I. 2001/3646, arts. 1(1), 6-9

C3Pt. 11 applied (with modifications) (11.2.2010) by The Cross-Border Payments in Euro Regulations 2010 (S.I. 2010/89), reg. 19, Sch. para. 2

Powers to gather informationU.K.

166 Reports by skilled persons.U.K.

(1)The Authority may, by notice in writing given to a person to whom subsection (2) applies, require him to provide the Authority with a report on any matter about which the Authority has required or could require the provision of information or production of documents under section 165.

(2)This subsection applies to—

(a)an authorised person (“A”),

(b)any other member of A’s group,

(c)a partnership of which A is a member, or

(d)a person who has at any relevant time been a person falling within paragraph (a), (b) or (c),

who is, or was at the relevant time, carrying on a business.

(3)The Authority may require the report to be in such form as may be specified in the notice.

(4)The person appointed to make a report required by subsection (1) must be a person—

(a)nominated or approved by the Authority; and

(b)appearing to the Authority to have the skills necessary to make a report on the matter concerned.

(5)It is the duty of any person who is providing (or who at any time has provided) services to a person to whom subsection (2) applies in relation to a matter on which a report is required under subsection (1) to give a person appointed to provide such a report all such assistance as the appointed person may reasonably require.

(6)The obligation imposed by subsection (5) is enforceable, on the application of the Authority, by an injunction or, in Scotland, by an order for specific performance under section 45 of the M1Court of Session Act 1988.

Modifications etc. (not altering text)

C5S. 166 modified (1.12.2001) by S.I. 2001/2657, arts. 1(1), 16 (which was revoked (8.10.2001) by S.I. 2001/3083, arts. 1(2), 23); S.I. 2001/3538, art. 2(1)

S. 166 modified (1.12.2001) by S.I. 2001/3083, arts. 1(2), 16; S.I. 2001/3538, art. 2(1)

Marginal Citations