Section 18: Reporting to Commission

18. Reporting to Commission (1) Subject to section 3 (5) (d), the CDS shall, in accordance with the rules of the CDS, furnish to the Commission periodic reports on its activities and operations. (2) The CDS shall forthwith inform the Commission of any business that fails to settle on its settlement date, and provide the Commission with details of the business and the reasons, as known to the CDS for that failure. (3) Notwithstanding section 3 (5) (d), where the Commission is conducting an inquiry in the exercise of its powers or into a contravention of this Act or any other Act or regulation or an irregularity in the operations of the CDS or a participant, it may request, in writing, any information or document from the CDS, and the CDS or participant shall forthwith comply with that request. (4) This section shall be in addition to, and not in derogation from, any reporting obligation to the Commission which is required of the CDS under the rules of the CDS. [S. 18 amended by s. 156 (4) (e) of Act 22 of 2005 w.e.f. 28 September 2007.]