65B. Power of Authority to obtain information relating to control of regulated persons

direct a regulated person to obtain from a holder of equity interests in the regulated person, and to provide to the Authority within such time as may be specified in the notice, any information relating to the holder that may be required to ascertain or investigate any holding of equity interests or control of voting power in the regulated person for the purposes of this Part; and

direct any person to provide to the Authority, within such time as may be specified in the notice, any information required to ascertain or investigate any holding of equity interests or control of voting power in a regulated person for the purposes of this Part.

fails to comply with a notice under subsection (1); or

in purported compliance with a notice under subsection (1), knowingly or recklessly makes a statement which is false in a material particular,shall be guilty of an offence and shall be liable on conviction —

in the case of an individual, to a fine not exceeding $125,000 or to imprisonment for a term not exceeding 3 years or to both and, in the case of a continuing offence, to a further fine not exceeding $12,500 for every day or part of a day during which the offence continues after conviction; or

in any other case, to a fine not exceeding $250,000 and, in the case of a continuing offence, to a further fine not exceeding $25,000 for every day or part of a day during which the offence continues after conviction.