The regulator, or a person authorised under subsection (4A), may for a purpose connected with the regulator's functions require a person to provide documents or information which the regulator or person authorised (as the case may be) has reason to believe is or may be in the person's possession.
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A requirement under subsection (1) may also require the person to provide an explanation of any document or information required under that subsection.
A requirement under subsection (1) may specify—
The regulator may copy or record documents, information or explanations provided.
The regulator may in writing authorise a person to exercise any of its powers under this section.
An authorisation—
Failure to comply with a requirement under subsection (1) without reasonable excuse is an offence.
Intentionally altering, suppressing or destroying a document or information required under subsection (1) is an offence.
Knowingly or recklessly providing the regulator, or a person authorised under subsection (4A), with a document, information or an explanation which is false or misleading in purported compliance with a requirement under subsection (1) is an offence.
If a person fails to comply with a requirement under subsection (1) the High Court may, on an application by the regulator, make an order for the purpose of remedying the failure.