F1Part 8AShort selling
Power to require information
131EPower to require information
1
The Authority may, by notice in writing, require a person (“P”)—
a
to provide specified information or information of a specified description; or
b
to produce specified documents or documents of a specified description.
2
This section applies only to information and documents that the Authority reasonably requires for the purpose of determining whether P, or a person connected with P, has contravened any provision of short selling rules.
3
Information or documents required under this section must be provided or produced—
a
before the end of such reasonable period as may be specified; and
b
at such place as may be specified.
4
The Authority may require any information provided under this section to be provided in such form as it may reasonably require.
5
The Authority may require—
a
any information provided, whether in a document or otherwise, to be verified in such manner as it may reasonably require; or
b
any document produced to be authenticated in such manner as it may reasonably require.
6
In this section “specified” means specified in the notice.
7
For the purposes of this section a person is connected with another person (“P”) if the person is or has at any relevant time been—
a
a member of P's group;
b
a controller of P;
c
any other member of a partnership of which P is a member; or
d
in relation to P, a person mentioned in Part 1 of Schedule 15 (reading references in that Part to the authorised person as references to P).
Pt. 8A inserted (8.6.2010) by Financial Services Act 2010 (c. 28), ss. 8, 26(2)(b)