112. Power to appoint an inspector, committee of a securities exchange or the Securities Industry Council to investigate trading in securities

Notwithstanding anything in this Act, the Minister may, where it appears to him in the public interest to do so, appoint any person as an inspector to investigate any matter concerning trading or dealing in securities and an inspector, so appointed, shall have all the powers conferred upon an inspector under Part IX of the Companies Act [Cap. 50] and that Part shall apply subject to such investigation, with such modification and adaptation as may be necessary.

If the Minister considers that it is not necessary to appoint an inspector under subsection (1), he may appoint the Securities Industry Council or a committee of a securities exchange to investigate any matter concerning trading or dealing in securities and in any such investigation the Securities Industry Council or the committee of a securities exchange, as the case may be, may summon any person to give evidence on oath or affirmation or produce any documents or materials necessary for the purpose of the investigation.

Any inspector appointed under subsection (1) or the committee or Council appointed under subsection (2) shall report the results of its investigation to the Minister and the Minister may, if he thinks it in the public interest to do so, cause the report to be printed and published.