Financial Markets Conduct Regulations 2014

112 Inspection and copies of documents

(1)

For the purposes of section 227(1)(b) of the Act, the issuer of a regulated product, the offeror under a regulated offer, or the manager of a registered scheme must—

(a)

keep a document that is relevant to a person (A) available for inspection in the manner prescribed in subclause (2) by A, or by a person authorised in writing by A for the purpose, who serves written notice of intention to inspect on the issuer, offeror, or manager; and

(b)

provide, on request and on payment of the relevant fee, to a person (A) a copy of, or an extract from, a document that is relevant to A (and must provide the copy or extract within 20 working days after receiving the request).

(2)

The documents must be available for inspection at the place at which the issuer’s, offeror’s, or manager’s records are kept between the hours of 9 am and 5 pm on each working day during the inspection period.

(3)

In this regulation, a document is relevant to a person if the person has or had a right to access or obtain a copy of the document under the Act, these regulations, a governing document, or the terms of the offer of a financial product.

(4)

In this regulation,—

inspection period means the period commencing on the third working day after the day on which notice of intention to inspect is served on the issuer, offeror, or manager by the person concerned and ending with the eighth working day after the day of service

relevant fee means a reasonable printing and administration fee set by the issuer, offeror, or manager.