1. Subject to Article (59) of this Decree by Law, the Authority may conduct inspections periodically or at any time over any of the following: a. Persons subject to its supervision and oversight within the State, and any parent, holding, subsidiary, sister, or affiliated company of any of them, whether inside or outside the State, as well as their auditors and any other entity or Person whose connection to the subject of inspection is established to the Authority; b. Any entity that engages or is suspected of engaging in Financial Activities or providing a Financial Service without a license or approval from the Authority pursuant to the provisions of this Decree by Law and the Relevant Legislation. 2. The Authority may coordinate with judicial authorities or any other authority to undertake the necessary measures to enable it to perform the inspection referred to in clause (1) hereof on an urgent basis, and may also seek the assistance of one or more experts in the subject matter of the inspection at the expense of the violator. 3. Persons assigned to conduct inspections shall be entitled to request any data, documents, electronic or digital records, or otherwise, including computer data and systems, as well as other technical or electronic systems, or electronic or digital means from the Board of Directors, the Chief Executive Officer (CEO), or any of the employee of the entity subject to inspection. They may detect violations, prepare the necessary minutes, and seize all documents, devices, instruments, or records related to the subject matter of the inspection. 4. Any data, documents, or records obtained as a result of an inspection shall constitute evidence or legal proof that may be relied upon in any legal or judicial proceeding undertaken by the Authority.
Interpretation and application must be checked against the official text and current version.