Regulation 24 Power to obtain information etc.I1

After subsection (2) of section 44 of the 1982 Act^f1 (power to obtain information and require production of documents) insert—

“(2A)

Subsections (1) and (2) above shall have effect as if any reference to a company included a reference to any person who is or has been a controller, officer, agent or employee of a UK or non-EC company and to any body corporate which is or has been—

(a)

a parent undertaking or subsidiary undertaking of such a company;

(b)

a subsidiary undertaking of a parent undertaking of such a company; or

(c)

a parent undertaking of a subsidiary undertaking of such a company.

(2B)

The Secretary of State may require a UK or non-EC company to furnish him, at a specified time, with a report by a specified person, being an actuary or accountant or other person with relevant professional skills, on any matter about which the Secretary of State has required, or could require, the company to provide information under subsection (1) above.”

In subsection (4) of that section, for the words “subsections (2) and (3)” substitute the words “subsections (2), (2A) and (3)”.

After that subsection insert—

“(4A)

Any person authorised by the Secretary of State may, on producing if required evidence of his authority, enter any premises occupied by—

(a)

a UK or non-EC company on which a requirement under subsection (1) or (2) above has been imposed; or

(b)

a person on whom or a body on which such a requirement has been imposed by virtue of subsection (2A) above,

for the purpose of obtaining the information or documents required to be furnished or produced and exercising the powers conferred by subsection (4) above.”