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Assistance to company law authority
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796. (1) The Director may exercise the powers conferred on him or her by this Part for the purpose of assisting a company law authority if—
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(a) the Director has received a request from that company law authority for assistance in connection with inquiries being carried out by it or on its behalf, and
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(b) the Director is satisfied that such assistance is for the purpose of the discharge by the authority of its supervisory or regulatory functions.
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(2) The Director may decline to accede to a request referred to in subsection (1) if—
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(a) the Director considers that it is not appropriate to give assistance, or
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(b) the company law authority making the request does not undertake to make such contribution to the costs attendant on the request as the Director considers appropriate.
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(3) In this section, “company law authority” means—
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(a) an authority outside the State that performs functions of a supervisory or regulatory nature in relation to bodies corporate or undertakings or their officers; or
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(b) a person acting on behalf of such an authority.
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