Section 94: Powers of Examiners.
(1)
In the performance of the duties imposed under this Part of this Act, the Commission or its officers or agents shall have power to:
(a) inspect, examine or investigate under conditions of confidentiality, the books, activities and affairs of any person or body corporate relating to pension funds in accordance with section 92 (1) of this Act or any regulations made under this Act;
(b) gain access at all times to the hard copies and electronic versions of books, accounts, documents and vouchers of any Pension Fund Administrator or Pension Fund Custodian or any person or body in relation to pension funds;
(c) verify or check the balances in the retirement savings account and the records of deposit made to date;
(d) verify the investment made by a Pension Fund Administrator with pension funds under its management; and
(e) request from any director, manager or officer of any Pension Fund Administrator or Pension Fund Custodian any information or explanation as the Commission may deem necessary in each case to enable it determine whether or not the provisions of this Act or any regulation made there-under are being complied with.
(2)
In exercising the powers under sub-section (1) of this section, an examiner shall exercise reasonable care to avoid undue hindrance to the day-to-day activities of any Pension Fund Administrator or Pension Fund Custodian or any person or body relating to pension funds.
Cite this section
Section 94, PENSION REFORM ACT, 2014 (2014).
https://repo.podus.ai/laws/pension-reform-act-2014/section/94/