Section 27
Access to documents etc.
(1)
Subject to subsection (2), if requested to do so, the manager, administrator, trustee or custodian of a registered fund shall 187
(a)
afford the Authority and any person acting on behalf of the
Authority reasonable access to all of the fund's records, books, accounts, certificates and other documents which are in his possession or custody or otherwise under his control; and
(b)
without prejudice to the generality of paragraph (a), produce to the
Authority or any person acting on behalf of the Authority such of the fund's records, books, accounts, certificates or other documents as are in the possession or custody, or under the control of, the
BRUNEI DARUSSALAM GOVERNMENT GAZETTE manager, administrator, trustee or custodian or such of those records, books, accounts, certificates and other documents as are of a class or description, which the Authority or, as the case may be, the person acting on behalf of the
Authority may reasonably specify.
(2)
Any record, book, account, certificate or other document shall not be required to be produced under subsection (1) in a manner or at a time or place which would interfere with the proper conduct of the normal daily business of the registered fund.
(3)
Where any record, book, account, certificate or other document is produced pursuant to a request under subsection ( 1), the person who made the request shall be entitled to inspect the document and make a copy or prepare an abstract of all or part of it.
(4)
Where any record, account or other document referred to in subsection
(1)
is recorded otherwise than in a legible form, then the manager, administrator, trustee or custodian concerned shall make available to the person who wishes to inspect it pursuant to this section, a reproduction thereof which is in a legible form.
(5)
Where a requirement is made under subsection (1) and the Authority is not satisfied with the explanation, or with any further explanation which the
Authority may require, then, subject to the First Schedule, the Authority may fa)
impose a financial penalty on the manager, administrator, trustee or custodian (as the case may be) not exceeding $100,000; or
(b)
revoke that person's operator's licence or permission or custodial licence or permission and, where a penalty is imposed under this section, an an;_ount equal to that of the penalty shall be recoverable by the Government as a civil debt due it from the person on whom the penalty was imposed.