S.L. 123.87 Art. 14Monitoring by the Corporation. S.L. 325.06

(1) When the Corporation issues a letter of approval to a company in terms of rule 5 or 10(4), it may, from time to time, make such reviews of books and documents, hold on-site inspections on premises of that company and make such other monitoring as it may consider necessary for the purposes of the provisions of Parts II and III and for any matter relevant to an approved application.

(2) In addition to the database kept under the provisions of the Business Promotion Regulations, the Corporation shall also keep a database of all assistance provided to, or claimed by, a company under Parts II and III for ten years from the date on which the last individual assistance was granted, in order to enable it to -

(a) verify whether the provisions of these rules have been complied with;

(b) provide the State Aid Monitoring Board with such information as it may require; and

(c) inform the Commissioner whether the credits claimed in terms of these rules have been properly calculated.