Section 45: Designation of officers of the Commission for supervision of certain capital market operators.

(1) The Commission shall conduct routine and special inspection and investigation of capital market operators.
(2) There shall be an officer of the Commission who shall be assigned responsibility for the inspection and investigation of capital market operators to which this part applies.
(3) The officer shall carry on supervisory duties in respect of affected capital market operators and for that purpose shall :
(a) under conditions of confidentiality; examine periodically the books and affairs of each capital market operators;
(b) have a right of access at all times to the books, accounts and vouchers of capital market operators ;and
(c) require from directors, managers and officers of capital market operators such information and explanation as he may deem necessary to the performance of his duties under this Act.
(4) The Commission shall where necessary, appoint other officers of the Commission to assist the officer designated under subsection (2) of this section.
(5) The officers may be designated examiners or have other titles as the Commission may specify.
(6) For the purpose of this part, references to examiners are references to the officers referred to in subsections (2) and (4) of this section.
(7) In examining the affairs of any capital market operator under this Act, an examiner shall at all times avoid unreasonable hindrance to the daily business of the capital market operator.
(8) Every capital market operator shall produce to the examiners at such times as the examiners may specify, all books, accounts, documents and information which they may require.
(9) This part of this Act applies to any capital market operator who is involved in the administration, management or custody of funds for or on behalf of clients including the management and operation of a collective investment scheme or the soliciting of investment in a collective investment scheme.