Notice before inspection or investigation may be required, but regulator can waive it in investors' interest. The regulator must ordinarily give a venture capital fund at least ten days' advance notice before ordering an inspection or investigation, but may in ... Summary
Notice before inspection or investigation may be required, but regulator can waive it in investors' interest.
The regulator must ordinarily give a venture capital fund at least ten days' advance notice before ordering an inspection or investigation, but may in writing waive that notice where it is satisfied that notice would not be in investors' interest; during any inspection or investigation the fund must discharge the obligations the regulatory framework requires of it while the inquiry proceeds.
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