Notice before inspection: statutory ten day notice required for inspections, subject to waiver if investor interest demands. Regulation 60 requires the Board to give not less than ten days' notice to the depository, participant, beneficial owner, issuer or its agent before ... Summary
Notice before inspection: statutory ten day notice required for inspections, subject to waiver if investor interest demands.
Regulation 60 requires the Board to give not less than ten days' notice to the depository, participant, beneficial owner, issuer or its agent before ordering an inspection or investigation, but allows the Board to direct that an inspection proceed without notice where it is satisfied that notice would not be in the interest of investors; persons subject to inspection are bound to discharge the obligations provided in regulation 61.
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