Revised Laws of Saint Lucia (2021)

47.   Access to information relating to manager

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    (1)   In the performance of the Director's duties pursuant to this Act and to verify compliance with the provisions of this Act by a manager, the Director is entitled at all reasonable times to—

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      (a)     have access at the manager's registered office to such books, records, vouchers, documents, cash securities and other information of the manager and of the international public mutual funds managed by the manager as may be specified by the Director;

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      (b)     require the directors, officers and auditor of a manager to provide information and explanations of the condition and affairs of the manager and of any international public mutual funds for which it is providing international public mutual fund management services;

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      (c)     request any information from any manager, either from time to time or on a regular basis; and

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      (d)     request from any person information or expert advice relevant to the duties of the Director.

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    (2)   With the approval of the Minister, the Director may in writing authorize any other person to assist the Director in the performance of his or her functions pursuant to this Act.

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    (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 or both.