Singapore legislation
Clause 89
Clause 89
Inspection of books and records of licensee and others
(1)
For the purpose of ascertaining whether the holder of a licence has complied with the provisions of this Act applicable to him in that capacity, and any conditions or restrictions subject to which the licence was granted or renewed, the Registrar may inspect and make copies of or take extracts from —
any document, record or matter required by or under this Act or the conditions of the licence to be kept by the holder of that licence; and
the books of a dealer, in so far as they relate to the business of the holder of that licence.
(2)
The Registrar may, where he considers it necessary for the protection of investors, require the holder of a dealer’s licence to disclose to him in relation to any purchase or sale of securities the name of the person from or to or through whom the securities were bought or sold and the nature of the instructions given to the dealer in respect of that purchase or sale.
(3)
The holder of a licence under this Act, and the servants and agents of that person shall, on being required by the Registrar so to do, produce any document, record or matter referred to in subsection (1) or disclose the information required under subsection (2).
(4)
No person shall obstruct or hinder the Registrar in the exercise of any of his powers under subsection (1), (2) or (5) or obstruct any person in the exercise of any of those powers that he is duly authorised to exercise.
(5)
Where the Registrar has reason to suspect that any person has contravened any of the provisions of this Act or has been guilty of any fraud or offence under this or any other Act or law with respect to trading or dealing in securities, the Registrar may make such investigation as he thinks expedient for the due administration of this Act.
(6)
Notwithstanding anything in this section, the Minister may, where it appears to him in the public interest so to do, appoint any person as an inspector to investigate any matter concerning trading or dealing in securities.
(7)
Except where otherwise expressly provided by or under this or any other Act, any power, authority, duty or function conferred or imposed by or under this or any other Act on the Registrar may be exercised or performed by any person authorised by the Registrar to exercise or perform that power, authority, duty or function.