Inspection powers enable regulatory review of FMEs, compliance systems, eligibility, and investor complaints, with limited notice waiver safeguards.

Regulation 138 permits the Authority to appoint Inspecting Authorities to inspect an FME or associated entity's records, infrastructure, procedures and systems, or investigate scheme and regulated activities. Inspection may verify recordkeeping, regulatory compliance, internal controls, fitness and eligibility, and complaints or matters affecting investors and the IFSC financial market. Prior notice is generally required, but may be waived in the interests of investors where written reasons are recorded.

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