Mutual Funds Order, 2001 · s 25

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25.
(1)
Where a report, copy statement or copy report is furnished to the
Authority pursuant to section 19(5), the Authority may require the manager who furnished the report or copy to supply such further information as the Authority considers relevant in the circumstances.
(2)
In addition to the power conferred by subsection (1), the Authority may by notice in writing require the manager, administrator, trustee or custodian of a registered fund to furnish such information regarding the fund or its property, management or administration as is reasonably necessary for the purposes of this
Order and as is specified in the notice.
(3) If a person fails to comply with any requirements of a notice under subsection !Zl, then, subject to the First Schedule, the Authority may -
{a)
impose a financial penalty on the manager or administrator, trustee or custodian ~~s the case may be) not exceeding $100,000; or
(b) revoke that person's operator's licence or permission or, as the case may be, custodial licence or permission and, where a penalty is imposed under this section, an amount equal to that of the penalty shall be recoverable by the Government as a civil debt due to it from the person on whom the penalty was imposed.
(4)
A reference in this section to information are each to be construed as including a reference to documents.

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s 25

(1)

Where a report, copy statement or copy report is furnished to the

Authority pursuant to section 19(5), the Authority may require the manager who furnished the report or copy to supply such further information as the Authority considers relevant in the circumstances.

(2)

In addition to the power conferred by subsection (1), the Authority may by notice in writing require the manager, administrator, trustee or custodian of a registered fund to furnish such information regarding the fund or its property, management or administration as is reasonably necessary for the purposes of this

Order and as is specified in the notice.

(3)

If a person fails to comply with any requirements of a notice under subsection !Zl, then, subject to the First Schedule, the Authority may -

{a)

impose a financial penalty on the manager or administrator, trustee or custodian ~~s the case may be) not exceeding $100,000; or

(b)

revoke that person's operator's licence or permission or, as the case may be, custodial licence or permission and, where a penalty is imposed under this section, an amount equal to that of the penalty shall be recoverable by the Government as a civil debt due to it from the person on whom the penalty was imposed.

(4)

A reference in this section to information are each to be construed as including a reference to documents.