CTHRepealedAct
Securities Industry Act 1980
31Commission’s powers in respect of books
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##### 31 Commission’s powers in respect of books
(1) An inspector may, when making a report under this Division, give to the Commission books of which he has taken possession under section 19 and the Commission:
(a) may retain the books for such period as it considers to be necessary to enable a decision to be made as to whether or not legal proceedings ought to be instituted as a result of the investigation;
(b) may retain the books for such further period as it considers to be necessary to enable any such proceedings to be instituted and prosecuted;
(c) may permit other persons to inspect the books while they are in its possession;
(d) may permit the use of the books for the purposes of legal proceedings instituted as a result of the investigation; and
(e) shall permit a person who would be entitled to inspect any one or more of the books if they were not in the possession of the Commission to inspect at all reasonable times such of the books as that person would be so entitled to inspect.
(2) Where the Commission takes possession of books under section 19, the Commission has such powers and obligations with respect to those books as it would have if it had been given those books by an inspector pursuant to subsection (1).