Maintenance of books and records and furnishing accounts, etc., by trading adviser and pool operator
27.—(1)  Every commodity trading adviser and commodity pool operator must cause to be kept such books and records and file such reports, in such form and manner, as may be prescribed by the Board.
(2)  Every commodity trading adviser and commodity pool operator (each called A) must make full and complete disclosure to A’s subscribers, customers or participants of all open commodity market positions taken or held by A on their behalf or if A is a corporation by any director, manager or employee of the corporation, whether directly or indirectly.
(3)  Every commodity pool operator must furnish —
(a)statements of account, at such periodic intervals, as the Board may prescribe; and
(b)an annual report, to each participant in the commodity pool operator’s pool operations.
(4)  The statements of account and annual report must be in such form and manner as may be prescribed by the Board and must include complete information as to the current status of all trading accounts in which the participant has an interest.
(5)  A person who, without reasonable excuse, contravenes subsection (1), or who knowingly or recklessly furnishes any information under subsection (2) or (3) which is false or misleading in a material particular, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 2 years or to both.
(6)  The provisions of this Part in relation to the appointment of an auditor whether by the Board or otherwise, the powers and duties of an auditor and the filing of an auditor’s report apply with the necessary modifications to a commodity market, a clearing house, a commodity trading adviser and a commodity pool operator as they apply to a commodity broker under this Part.