Notice before inspection required; exception if dispensing notice protects investors, intermediary must comply with inspection obligations. Regulation 18 requires prior notice to an intermediary before an inspection under regulation 17, subject to an exception permitting the authority to dispense with notice when investor interests warrant it and reasons are recorded in writing; the intermediary must discharge its obligations under regulation 19 during the inspection.
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.
Notice before inspection required; exception if dispensing notice protects investors, intermediary must comply with inspection obligations.
Regulation 18 requires prior notice to an intermediary before an inspection under regulation 17, subject to an exception permitting the authority to dispense with notice when investor interests warrant it and reasons are recorded in writing; the intermediary must discharge its obligations under regulation 19 during the inspection.
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