38.3(1)If a member or participant of an auditor oversight body receives from the auditor oversight body a written request to provide information or records relevant to the auditing or review of financial statements that are required to be filed under this Act or the regulations, the member or participant shall provide the information or records specified, or that are within the class described, in the request, including information or records relating to or prepared by an issuer whether or not the issuer is named in the request.

38.3(2)The written request may specify a reasonable time or interval when the information or records are to be provided to the auditor oversight body.

38.3(3)For greater certainty, if a member or participant of an auditor oversight body is in possession of information or a record that is subject to solicitor-client privilege, the member or participant shall not provide the information or record to the auditor oversight body unless the person, in respect of which the solicitor-client privilege exists, consents to its disclosure.

38.3(4)A consent given under subsection (3) to the disclosure of the information or record neither negates nor constitutes a waiver of the solicitor-client privilege and the privilege continues for all other purposes.