s 144 Exercise of certain powers in relation to financial benchmarks
144.—(1) This section applies where the Authority considers that —(a) it may be necessary to give a direction in relation to any designated benchmark under section 123ZZB; or (b) a person may have contravened any of the provisions of Part 12 in relation to a financial benchmark.[4/2017] (2) Where the Authority believes on reasonable grounds that a person is capable of giving information concerning any of the following matters:(a) the activity of administering a financial benchmark; (b) the activity of providing information in relation to a financial benchmark; (c) the financial position of any authorised benchmark administrator, exempt benchmark administrator, authorised benchmark submitter, exempt benchmark submitter or designated benchmark submitter; (d) the financial position of any business carried on by a nominee controlled by a person mentioned in paragraph (c) or jointly controlled by 2 or more persons, at least one of whom is a person mentioned in that paragraph; (e) an audit of, or any report of an auditor concerning, any book of any authorised benchmark administrator, exempt benchmark administrator, authorised benchmark submitter, exempt benchmark submitter, or designated benchmark submitter, being a book relating to a designated benchmark, the Authority may require the person to disclose to the Authority the information that the person has about that matter. [4/2017]