Financial Markets Act (Cap. 345), article 33

33. (1) The competent authority may, whenever it deems it necessary or expedient, appoint a n inspector or inspectors to investigate and report on the af fairs of any persons referred t o in article 32(1)(i) to (vii). (2) An inspector appointed under sub-article (1) - (a) may, if he thinks it nece ssary or expedient for the purposes of an investigation, investigate the affairs of any person mentioned in sub-article (1); (b) shall have and may exercise all the powers, conferred on the competent authority by article 32, and any requirement made by him shall be deemed to be and have the same force and effect as a requirement of the competent authority; (c) may, and if so directed b y the competent authority shall, make interim reports and on the conclusion of his investigation shall make a final report to the competent authority. (3) In appointing an inspector or inspectors under sub-article (1) the competent authority may direct that the investigation s hall be carried out within such time and shall be confined to such specific or general matters as the competent authority may deem fit. Cap. 281. (4) For the purposes of this article inspectors may include an advocate, a person authorised to carry on the profession of accountant or auditor in terms of the Accountancy Profession Act , or a person considered by the co mpetent authority as possessing suitable expertise to e xercise such function. (5) The competent authority shall have power to order that all expenses of, and incidental to, an investigation pursuant to th is article be paid by the persons concerned. Right of entry. Added by: XVII. 2002.124.