Cap. 476 Art. 15Power to demand information and assistance and to summon persons for hearing.

(1) Without prejudice to any powers of the competent authority arising under any other law, in the exercise of its functions under this Act and, or under the Market Abuse

Regulation, the competent authority shall have the power to demand information in any form whatsoever and to receive a written statement of it and to demand by notice in writing the aforesaid information promptly from any person. In particular, the competent authority may require any person referred to in article 14(1) -

(a) to furnish to the competent authority, at such time and place and in such form as it may specify, such information as it may require;

(b) to furnish to the competent authority any information in the form of a written statement or any information verified in such manner as it may specify;

(c) to attend before the competent authority, or before a person appointed by it as an inspector in terms of article 16, at such time and place as it may specify, to answer questions and provide information and documentation; and

(d) to give the competent authority any assistance which it may require and which that person is reasonably able to give.

(2) Any person requested to provide information by virtue of sub-article (1), in particular the directors and managers, by whatever name designated, or any other persons who are or have been in charge of the operations or activities at issue shall assist and shall promptly collaborate with the competent authority in order to enable it to discharge its functions, and shall collate and transmit without any undue delay such information as the competent authority may reasonably request from time to time.

(3) Where the person required to provide information under this article does not have the requested or relevant information, he shall promptly disclose to the competent authority where, to the best of his knowledge, that information may be found and the competent authority may require any person, whether indicated as aforesaid or not, who may be in possession of it to provide such information.