(1) In the performance of the Director's duties pursuant to this Act and to verify compliance with the provisions of this Act by an administrator, the Director is entitled at all reasonable times to—
(a) have access at the administrator's registered office to such books, records, vouchers, documents, cash securities and other information of the administrator and of the international public mutual funds administered by the administrator as may be specified by the Director;
(b) require the directors, officers and auditor of an administrator to provide information and explanations of the condition and affairs of the administrator and of any international public mutual funds for which it is providing international public mutual fund administrative services;
(c) request any information from any administrator either from time to time or on a regular basis; and
(d) request from any person information or expert advice relevant to the duties of the Director.
(2) With the approval of the Minister, the Director may in writing authorise any other person to assist the Director in the performance of his or her functions pursuant to this Act.
(3) A person who fails to comply with any requirement pursuant to subsection (1) by the Director or by any person authorised under subsection (2) commits an offence and is liable on conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 3 years.