Notice before inspection permits inspections with reasonable notice but allows no-notice inspections when investor interest requires. Notice before inspection requires the Board to provide reasonable notice to a portfolio manager before undertaking an inspection, but the Board may order an inspection without notice if it is satisfied that doing so is necessary in the interest of investors; the portfolio manager under inspection must discharge the obligations applicable to inspections under the relevant regulatory provision.
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 permits inspections with reasonable notice but allows no-notice inspections when investor interest requires.
Notice before inspection requires the Board to provide reasonable notice to a portfolio manager before undertaking an inspection, but the Board may order an inspection without notice if it is satisfied that doing so is necessary in the interest of investors; the portfolio manager under inspection must discharge the obligations applicable to inspections under the relevant regulatory provision.
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