Section 49Part 2 — The Financial Reporting Authority
Hearsay evidence
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Evidence must not be excluded in restraint proceedings on the ground that it is hearsay (of whatever degree).
section 50 applies in relation to restraint proceedings.
Restraint proceedings are proceedings —
for a restraint order;
for the discharge or variation of a restraint order; or
on an appeal under section 47 .
Hearsay is a statement which is made otherwi se than by a person while giving oral evidence in the proceedings and which is tendered as evidence of the matters stated.
Nothing in this section affects the admissibility of evidence which is admissible apart from this section.