Article 52 - Investigations - duties and powers

(1) An Investigator must, unless the investigation is discontinued for any reason, make a written report of his investigation to the Regulatory Authority.
(2) In support of an investigation, the Regulatory Authority or an Investigator may require, by written notice, any Person:
(A) to attend before the Investigator at a specified time and place and to answer questions;
(B) to produce at a specified time and place any specified document or documents of a specified description; and/or
(C) provide such information or assistance as the Investigator may require and the Person is able to give.
(3) The Regulatory Authority or an Investigator may require the relevant Person to give such information or produce such documents within such reasonable time period and/or at such a specified place as detailed in the written notice.
(4) Where the Regulatory Authority is conducting an investigation under Article 50 or 51 and has reasonable grounds for believing that an Approved Individual may have engaged in conduct that would form grounds for the withdrawal or variation of that Approved Individual's status, it may, upon written notice to both the Approved Individual and the relevant Authorised Firm, suspend or vary that individual's approved status for the duration of the investigation and/or and related proceedings insofar as such investigation or proceedings relate to that individual.
(5) Where the Regulatory Authority is conducting an investigation into a Person under Article 50 or 51, it may apply to the Tribunal for an order that all or any of the assets, books and records of the Person be preserved and not moved or otherwise dealt with.
Amended by QFC Reg 2010-2 (as from 9th December 2010)