Inspection obligations require designated depository participants to produce records, grant access and assist inspecting officers during inspections. Designated depository participants must produce books, securities, accounts, records and other documents in their custody or control and furnish statements and information as the inspecting officer may require within a reasonable period. They must allow reasonable access to premises and facilities for examination of books, records, documents and computer data, provide copies of relevant materials, permit examination and recording of statements of directors, officers and employees, and ensure such persons give all reasonable assistance 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.
Inspection obligations require designated depository participants to produce records, grant access and assist inspecting officers during inspections.
Designated depository participants must produce books, securities, accounts, records and other documents in their custody or control and furnish statements and information as the inspecting officer may require within a reasonable period. They must allow reasonable access to premises and facilities for examination of books, records, documents and computer data, provide copies of relevant materials, permit examination and recording of statements of directors, officers and employees, and ensure such persons give all reasonable assistance during the inspection.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.