Information about firms to be available to public
38.—(1) The Department shall make regulations requiring recognised supervisory bodies to keep and make available to the public the following information with respect to the firms eligible under their rules for appointment as a company auditor—
(a)in relation to a body corporate, the name and address of each person who is a director of the body or holds any shares in it,
(b)in relation to a partnership, the name and address of each partner,
and such other information as may be specified in the regulations.
(2) The regulations may impose such obligations as the Department thinks fit—
(a)on recognised supervisory bodies,
(b)on persons eligible for appointment as company auditor, and
(c)on any person with whom arrangements are made by one or more recognised supervisory bodies with respect to the keeping of the information.
(3) The regulations may include provision—
(a)requiring that the information be open to inspection at such times and places as may be specified in the regulations or determined in accordance with them,
(b)enabling a person to require a certified copy of the information or any part of it, and
(c)authorising the charging of fees for inspection, or the provision of copies, of such reasonable amount as may be specified in the regulations or determined in accordance with them;
and may contain such other supplementary and incidental provisions as the Department thinks fit.
(4) Regulations under this Article shall be subject to negative resolution.
(5) The obligations imposed by regulations under this Article on such persons as are mentioned in paragraph (2)(a) or (c) are enforceable on the application of the Department by injunction.