Regulation 15 Deposit management organisation: power to obtain information from registered scheme producers

The deposit management organisation may direct a registered scheme producer to provide it with such information as is specified in a DMO instruction.

A registered scheme producer who receives a DMO instruction must comply with it by the date specified in the DMO instruction (the “compliance date”).

Where a registered scheme producer has provided, in response to a DMO instruction, information which the deposit management organisation reasonably believes to be inaccurate, false or misleading, the deposit management organisation must, within 28 days beginning with the day after the compliance date, notify NRW and provide to NRW all relevant information and documents.

Where a registered scheme producer has provided, in response to a DMO instruction, information which the deposit management organisation reasonably believes to be incomplete, the deposit management organisation must, within 28 days beginning with the day after the compliance date, notify NRW and provide to NRW all relevant information and documents.

Where a registered scheme producer has failed to respond to a DMO instruction by the compliance date, the deposit management organisation must, within 28 days beginning with the day after the compliance date, notify NRW and provide to NRW all relevant information and documents.

In this regulation “specified” means specified in a DMO instruction.