Inspection Rights: Merchant bankers must produce records, grant premises access and cooperate with inspecting authorities. Regulation 31 requires directors, partners, officers and employees under inspection to produce books, accounts and other documents and to furnish ... Summary
Inspection Rights: Merchant bankers must produce records, grant premises access and cooperate with inspecting authorities.
Regulation 31 requires directors, partners, officers and employees under inspection to produce books, accounts and other documents and to furnish statements and information as required by the inspecting authority; the merchant banker must allow reasonable access to its premises and premises occupied on its behalf, facilitate examination of books, records, documents and computer data, provide copies of relevant materials, and permit the inspecting authority to examine or record statements of principal officers and staff, with all persons obliged to give reasonable assistance in connection with the inspection.
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