• MIR 6.2 MIR 6.2 Information gathering power on Regulator's own initiative

    • MIR 6.2.1

      While the Regulator will seek to obtain information from a Recognised Body in the context of an open, cooperative and constructive relationship with the Recognised Body, where it appears to the Regulator that obtaining information in that context will not achieve the necessary results, the Regulator or (as the case may be) its officers may, by notice in writing, require the Recognised Body or any Person who is connected to the Recognised Body to provide or produce specified information or information of a specified description, at a specified place and before the end of a reasonable period, in such form and with such verifications or authentications as it may reasonably require.

    • MIR 6.2.2

      A Person is connected with a Recognised Body if he is or has at any relevant time been:

      (a) a Member of the Recognised Body's group;
      (b) a controller of the Recognised Body;
      (c) any other Member of a partnership of which the Recognised Body is a Member; or
      (d) a Person mentioned in section 39 of FSMR (reading references in that Part to the "authorised Person" as references to the Recognised Body).