Part 1Special Resolution Regime

F1Chapter 4Information, investigation and enforcement

Appointment of investigators

83ZD.Appointment of person to carry out investigations in particular cases

(1)

This section applies if it appears to the Bank of England that there are circumstances suggesting that a person may have failed to comply with any relevant requirement.

(2)

The Bank may appoint one or more competent persons to conduct an investigation on its behalf.

(3)

In this section “relevant requirement” means—

(a)

a requirement imposed by the Bank of England under this Part (other than section 83ZN (regulatory sanctions)), or

(b)

a requirement imposed by or under—

(i)

any other provision of this Act, or

(ii)

any other Act or subordinate legislation,

which gives effect to the recovery and resolution directive.