Clause 8

by deleting subsection (1) and substituting the following subsection:“(1) The Board may order a registered person to pay such sums as the Board thinks fit in respect of the costs and expenses of or incidental to any inquiry or investigation conducted or action taken against the registered person where the Board —

cancels the registration of the registered person under section 19(1);

takes any action against the registered person under section 19(2) or (2A); or

confirms an interim order made against the registered person under section 26H(8)(a).”; and

by inserting, immediately after subsection (3), the following subsection:“(4) The costs and expenses mentioned in subsection (1) include —

the costs and expenses of any assessor or advocate and solicitor appointed by the Board for any proceedings before an Inquiry Committee;

such reasonable expenses as the Board may pay to witnesses; and

such other reasonable expenses as are necessary for the conduct of the proceedings before the Inquiry Committee.”.