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Information sharing and disgorgement rules expanded: investigative powers broadened and disgorged sums directed to the investor protection fund. Amendments expand the Board's power to call for information and records from any person and specified public authorities for securities investigations, and permit calling for and furnishing information to domestic or foreign authorities with similar functions, permitting formal arrangements with foreign authorities subject to Central Government approval; disgorged amounts directed under the Board's orders or analogous statutes are to be credited to the Investor Protection and Education Fund and utilised by the Board under regulations.
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Information sharing and disgorgement rules expanded: investigative powers broadened and disgorged sums directed to the investor protection fund.
Amendments expand the Board's power to call for information and records from any person and specified public authorities for securities investigations, and permit calling for and furnishing information to domestic or foreign authorities with similar functions, permitting formal arrangements with foreign authorities subject to Central Government approval; disgorged amounts directed under the Board's orders or analogous statutes are to be credited to the Investor Protection and Education Fund and utilised by the Board under regulations.
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