Part 4E+WRegulation of approved regulators

InformationE+W

55Provision of information to the BoardE+W

(1)The Board may, by notice, require an approved regulator—

(a)to provide any information, or information of a description, specified in the notice, or

(b)to produce documents, or documents of a description, specified in the notice.

(2)A notice under subsection (1)—

(a)may specify the manner and form in which any information is to be provided;

(b)must specify the period within which any information is to be provided or document is to be produced;

(c)may require any information to be provided, or document to be produced, to the Board or to a person specified in the notice.

(3)The Board may, by notice, require a person representing the approved regulator to attend at a time and place specified in the notice to provide an explanation of any information provided or document produced under this section.

(4)The Board may pay to any person such reasonable costs as may be incurred by that person in connection with—

(a)the provision of any information, or the production of any document, by that person pursuant to a notice under subsection (1), or

(b)that person's compliance with a requirement imposed under subsection (3).

(5)The Board, or a person specified under subsection (2)(c), may take copies of or extracts from a document produced pursuant to a notice under subsection (1).

(6)For the purposes of this section and section 56, references to an approved regulator include a body which was, but is no longer, an approved regulator.

56Enforcement of notices under section 55E+W

(1)Where an approved regulator is unable to comply with a notice given to it under section 55(1), it must give the Board a notice to that effect stating the reasons why it cannot comply.

(2)If an approved regulator refuses, or otherwise fails, to comply with a notice under section 55(1), the Board may apply to the High Court for an order requiring the approved regulator to comply with the notice or with such directions for the like purpose as may be contained in the order.

(3)This section applies in relation to a person to whom a notice is given under section 55(3) as it applies in relation to an approved regulator to whom a notice is given under section 55(1).