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reg 43

NICC may require further information

In force

43 NICC may require further information

(1)

The NICC may, by notice in writing, require a person who has applied to the NICC for a licence, or a close associate of any such person, to do one or more of the following things—

(a)

provide, in accordance with directions in the notice, such information as, in the opinion of the NICC, is relevant to the investigation of the application and is specified in the notice,

(b)

produce, in accordance with directions in the notice, such records as, in the opinion of the NICC, are relevant to the investigation of the application and permit examination of the records, the taking of extracts from them and the making of copies of them,

(c)

authorise a person described in the notice to comply with a requirement of the kind referred to in paragraph (a) or (b),

(d)

furnish to the NICC such authorisations and consents as the NICC requires for the purpose of enabling the NICC to obtain information (including financial and other confidential information) from other persons concerning the person and the person’s associates.

(2)

A person who complies with a requirement of a notice under this section does not on that account incur a liability to another person.

(3)

The NICC may refuse to determine an application if a requirement made under this section in relation to the application is not complied with.

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