Section 76
of Development Financial Institutions Act 2002
Section 76
The Bank may, by notice in writing, require a prescribed institution to submit additional information or explanation in relation to any document or information submitted under section 73 or 74
within such time as the Bank may specify.
(2)
(Deleted by Act A1502).
(3)
The Bank may require the additional information or explanation to be certified by the prescribed institution’s auditor.
(4)
The Bank may, after considering the explanation referred to in subsection (1), or if such explanation has not been given by or on behalf of the prescribed institution within the time specified—
(a)
reject the document submitted under section 73 or 74; or
(b)
direct the prescribed institution to vary the document or all other related documents within such time as is specified in the direction.
(5)
Where a direction is given by the Bank under paragraph 4(b), the document to which it relates shall be deemed not to have been
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lodged until it is re-submitted with the variation required by the direction.
(6)
The Bank, on the basis of information available to it or on review of returns filed under section 74, may direct a prescribed institution to obtain its confirmation of compliance with section 73 before—
(a)
laying its accounts before its general meeting; and
(b)
publishing its accounts under section 78.
(7)
(Deleted by Act A1502).