Where it appears to the Authority that a regulated person —
the Authority may, for any purpose connected with such of its functions under section 25 or 27A to 27O as are exercisable in relation to that matter, serve a notice under subsection (2) below on any person.
A notice under this subsection is a notice signed by the Director and—
Where a licence has been or is to be revoked or suspended, or has expired or is about to expire by effluxion of time, and it appears to the Authority, having regard to the duties imposed by section 3A, 3B or 3C, to be requisite or expedient to do so for any purpose connected with the revocation, suspension or expiry, the Authority may, with the consent of the Secretary of State, by notice in writing—
No person shall be required under this section to produce any documents or records which he could not be compelled to produce in civil proceedings in the court or, in complying with any requirement for the furnishing of information, to give any information which he could not be compelled to give in evidence in any such proceedings.
A person who without reasonable excuse fails to do anything required of him by notice under subsection (2) or (2A) above shall be liable on summary conviction to a fine not exceeding level 5 on the standard scale.
A person who intentionally alters, suppresses or destroys any document or record which he has been required by any notice under subsection (2) or (2A) above to produce shall be liable—
If a person makes default in complying with a notice under subsection (2) or (2A) above, the court may, on the application of the Director, make such order as the court thinks fit for requiring the default to be made good; and any such order may provide that all the costs or expenses of and incidental to the application shall be borne by the person in default or by any officers of a company or other association who are responsible for its default.