Security for deposits
 5. (1) Every person or corporation accepting or receiving deposits from members of the public shall set aside and segregate and hold separate from the other assets of any such person or corporation as security for such deposits cash on hand or deposited in any bank to which the Bank Act (Canada) applies or short term securities in an amount or principal amount aggregating not less than 60 per cent of the aggregate amount of such deposits. Records (2) Every person or corporation accepting or receiving deposits from members of the public shall keep records of such deposits and the particulars of the security therefor in the form and content prescribed by the Commission. Returns (3) Every person or corporation accepting or receiving deposits from members of the public shall furnish to the Commission a return in the prescribed form on or before the first days of January, April, July and October in each year containing information as to the particulars of the security for such deposits certified by the auditor or accountant of such person or corporation. Inspection (4) Any duly authorized representative of the Commission appointed by order of the Commission may at any reasonable time inspect the books, accounts, documents and other records kept by any person or corporation receiving or accepting deposits from members of the public and may require any officer, director or employee of any such person or corporation to furnish such information as the Commission considers necessary for the purpose of ascertaining whether this Act and the regulations have been or are being complied with. Powers on inspection (5) For purposes relevant to the subject-matter of an investigation under subsection (4), the representative of the Commission may inquire into and examine the affairs of the person or corporation whose affairs are being investigated and may, (a) upon production of his or her authorization from the Commission, enter at any reasonable time the business premises of such person or corporation and examine books, papers, documents and things relevant to the subject-matter of the investigation; (b) inquire into, (i) negotiations, investigations, transactions, loans, borrowings and payments to, by, or on behalf of or in relation to or connected with such person or corporation and into any property, assets or things owned, acquired or alienated in whole or in part by such person or corporation or any person or company acting on his, her or its behalf that are relevant to the subject-matter of the investigation, and (ii) the assets at any time held, the liabilities, debts, undertakings and obligations at any time existing, the financial or other conditions at any time prevailing in or in relation to or in connection with any such person or corporation and any other person or corporation and the relationship that may at any time exist or have existed between such person or corporation and any other person or corporation by reason of investments, commissions promised, secured or paid, interests held or acquired, the loaning or borrowing of money, stock or other property, the transfer, negotiation or holding of stock, interlocking directorates, common control, undue influence or control or any other relationship. Offence (6) No person shall obstruct a person making an investigation under subsection (4) or withhold from the person or conceal or destroy any books, papers, documents or things relevant to the subject-matter of the investigation. Powers under Pt. II of Public Inquiries Act (7) For the purposes of an investigation under this section, the person making the investigation has the powers of a commission under Part II of the Public Inquiries Act, which Part applies to the investigation as if it were an inquiry under that Act. Search warrant (8) Where a justice of the peace is satisfied, upon an application made without notice by the person making an investigation under this section, that the investigation has been ordered and that such person has been appointed to make it and that there is reasonable ground for believing there are, in any building, dwelling, receptacle or place, any books, papers, documents or things relating to the person or corporation whose affairs are being investigated, and that relate to the subject-matter of the investigation, the justice of the peace may, whether or not an inspection has been made or attempted under clause (5) (a), issue an order authorizing the person making the investigation, together with such police officer or officers as he or she calls upon for assistance, to enter and search, if necessary by force, such building, dwelling, receptacle or place for such books, papers, documents or things and to examine them, but every such entry and search shall be made between sunrise and sunset unless the justice of the peace, by the order, authorizes the person making the investigation to make the search at night. Removal of books, etc. (9) Any person making an investigation under this section may, upon giving a receipt therefor, remove any books, papers, documents or things examined under clause (5) (a) or subsection (8) relating to the person or corporation whose affairs are being investigated and that relate to the subject-matter of the investigation for the purpose of making copies of such books, papers or documents, but such copying shall be carried out with reasonable dispatch and the books, papers or documents in question shall be promptly thereafter returned to the person or corporation whose affairs are being investigated. Admissibility of copies (10) Any copy made as provided in subsection (9) and certified to be a true copy by the person making the investigation is admissible in evidence in any action, proceeding or prosecution as proof, in the absence of evidence to the contrary, of the original book, paper or document and its contents. Appointment of experts (11) The Commission may appoint any expert to examine books, papers, documents or things examined under clause (5) (a) or subsection (8). R.S.O. 1990, c. D.8, s. 5.