459 Inspection of accounting records


Every FMC reporting entity must make the accounting records required to be kept under this subpart and the documents referred to in section 456(2) available, in written form in English at all reasonable times for inspection without charge, to—


the directors of the FMC reporting entity; and


any supervisor (if the FMC reporting entity is an issuer of debt securities or the manager of a registered scheme); and


the FMA; and


any other persons authorised or permitted by an enactment to inspect the accounting records of the FMC reporting entity or scheme.


An FMC reporting entity that contravenes this section commits an offence and is liable on conviction to a fine not exceeding $50,000.


The offence in this section is an infringement offence (see subpart 5 of Part 8).

Compare: 1978 No 103 s 53D

Section 459: replaced, on 1 April 2014, by section 48 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).