Inspection notice requirement mandates prior notice to depository participants, subject to investor-interest exception allowing unannounced inspections. Regulation 38 requires the Board to give advance notice to designated depository participants before undertaking an inspection, but allows the Board, by written order when investor interests demand, to conduct inspections without prior notice; during inspection, the participants must discharge their obligations as provided in the following regulation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Inspection notice requirement mandates prior notice to depository participants, subject to investor-interest exception allowing unannounced inspections.
Regulation 38 requires the Board to give advance notice to designated depository participants before undertaking an inspection, but allows the Board, by written order when investor interests demand, to conduct inspections without prior notice; during inspection, the participants must discharge their obligations as provided in the following regulation.
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