type and in any form relating to that Company or Branch’s compliance with these Companies Regulations or

any other Regulatory Instruments issued by the Authority or a Competent Authority.

52.2. The Authority may take the action specified in Clause 52.1 without giving notice to the Company or Branch

where the Authority has reasonable grounds to believe that if notice were provided the relevant Records may

be compromised.

53. Investigations

53.1. The Authority may conduct an investigation of a Company, Branch, Director, General Manager, Liquidator or

Shareholder if:

it has reason to suspect that there may have been a breach of these Companies Regulations or any

other Regulatory Instruments issued by the Authority or a Competent Authority; or

it has imposed a sanction under Clause 54.1 and a retrospective investigation is required.

53.2. The Authority may inform a Company, Branch, Director, General Manager, Liquidator or Shareholder, by written

notice, that an investigation is being conducted into its affairs which may include:

an outline of the suspected breach; and

a request for provision of information or, where relevant, materials of any type and in any form or

manner as specified by the Authority in accordance with Clause 51.1.

53.3. The Authority may, during the period of investigation:

invite the Company, Branch, Director, General Manager, Liquidator or Shareholder to make written

representations in relation to the suspected breach in the form and manner as specified in the notice;

and

provide notice, if appropriate, that the Authority shall be entering the Company or Branch’s premises

in accordance with Clause 52.1.

53.4. The Authority shall, on conclusion of the investigation, inform the Company, Branch, Director, General Manager,

Liquidator or Shareholder, by written notice, of the outcome of the investigation and any action to be taken by

the Authority.

54. Suspension, revocation and sanctions

54.1. The Authority may impose any of the sanctions listed under Clause 54.2 where it determines it is appropriate to

do so by providing notice to the Company, Branch, Director, General Manager, Liquidator or Shareholder and,

where it determines appropriate, conduct a retrospective investigation in accordance with Clause 53.1.2.

54.2. Where the Authority determines that there has been a breach of these Companies Regulations, the Authority

may, without prejudice to any of its other powers under these Companies Regulations or any other Regulatory

Instruments of the Authority, impose on the Company, Branch, Director, General Manager, Liquidator or

Shareholder a fine the value of which to be decided by the Authority or more sanctions including but not limited

to:

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