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books of account and other records of the licensed financial institution or licensed financial holding company.

(3) The official administrator may request the assistance of law enforcement officials, who shall, if necessary, use force to assist the official administrator to gain access to any premises of the licensed financial institution or licensed financial holding company, to gain control over and to secure such properties, offices, assets, books and records of the licensed financial institution or licensed financial holding company. (4) The licensed financial institution or licensed financial holding company, its affiliated institutions and their directors, officers and agents other than its auditors shall give every assistance to the official administrator including the supply of information or explanation in any form as may be required, the production of books, documents, minutes, cash, securities and vouchers, and generally the provision of all necessary facilities required for the performance of any function of the official administrator save that in the case of its auditors they shall only be required to supply any information which is in their possession or knowledge other than their internally generated working papers. (5) A person who does not comply with subsection (4) or otherwise obstructs the Central Bank or an official administrator in the performance of functions under this section commits an offence and is liable on summary conviction to a fine of fifteen thousand dollars or to a term of imprisonment not exceeding two years.

Inventory and plan of action to resolve the licensed financial institution or 130. licensed financial holding company

(1) Not later than thirty days after the appointment, the official administrator shall prepare and deliver to the Central Bank an inventory of the licensed financial institution’s or licensed financial holding company’s assets and liabilities.

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