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7.—(1) The Authority may require any registrable person to keep or cause to be kept records as follows:—
(a)the name and address of persons who have purchased oilseeds from or through him;
(b)the name and address of persons who have sold oilseeds to or through him;
(c)the date of each sale and purchase;
(d)the quantity and kind of oilseeds sold and purchased;
(e)the name and address of any principal (in the case of an agent intermediary).
(2) Each registrable person shall submit to the Authority returns in respect of each half-year giving such information as the Authority may require, such returns to be submitted not later than such date, being a date not earlier than 14 days and not later than 28 days after the end of the half-year to which the return relates, as the Authority may from time to time prescribe.
(3) Each registrable person shall retain any records required to be kept under paragraph 7(1) for six calendar years from the end of the year to which those records relate.
(4) Each registrable person shall produce for inspection on demand by an authorised officer of the Authority any records required to be kept under paragraph 7(1).
(5) An authorised officer acting in exercise of the power conferred by paragraph 7(4) shall carry a warrant of his authority so to act and shall produce the same on demand.
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