Part 7

Investigatory powers etc

Information gathering

Power to require information
65
1
The IFR may give a person a notice (an “information notice”) requiring the person to give specified information to the IFR where the IFR considers that the information is necessary for the purpose of exercising the IFR’s functions under this Act.
2
An information notice must—
a
explain why the IFR requires the information;
b
state the time by which, or the frequency with which, the information must be given to the IFR;
c
state the place at which, or the manner (which may be remote) in which, the information must be given to the IFR;
d
state the form in which the information must be given to the IFR;
e
include information about the possible consequences under Part 8 of not complying with the notice.
3
The power under this section to require a person to give information to the IFR includes the power to—
a
take copies of or extracts from the information given to the IFR;
b
require the person to obtain or generate information for the purpose of giving that information to the IFR;
c
require the person to collect or retain information that they would not otherwise collect or retain for the purpose of giving that information to the IFR;
d
if any specified information is not given to the IFR, require the person to state, to the best of their knowledge and belief, both where that information is and why it has not been given to the IFR.
4
In this section, “specified” means—
a
specified, or described, in the information notice, or
b
falling within a category which is specified, or described, in the information notice.
S. 65 in force at Royal Assent for specified purposes, see s. 100(2)(g)
S. 65 in force at 1.11.2025 in so far as not already in force by S.I. 2025/1134, reg. 2(a)