Section 170 Investments and Securities Act

Section 170 of the Investments and Securities Act 2025 is about Investigation and inspection. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows:

(1) The Commission may —
(a) undertake continuous inspection of the business operations as it relates to a collective investment scheme’s authorised parties involved in the management, administration and custody of assets of the scheme; or

(b) investigate the business of a person whether registered or not who is involved in the unauthorised administration of a scheme or soliciting for investment in a scheme.

(2) For the purposes of an investigation in terms of subsection (1), the Commission may in writing direct such person to —
(a) provide it with any information, document or record about such business; and
(b) appear before it at a specified time and place if the Commission has reason to believe that such a person is contravening or failing to comply with the provisions of this Act.