In section 446 of the 1985 Act (investigation of share dealing)25, for subsection (4) substitute—

“(4)

Sections 434 to 436 apply for the purposes of an investigation under this section to the following persons as they apply to officers of the company or of the other body corporate—

(a)

an authorised person;

(b)

a relevant professional;

(c)

a person not falling within paragraph (a) or (b) who may carry on a regulated activity without contravening the prohibition imposed by section 19 of the Financial Services and Markets Act 2000; and

(d)

in relation to an authorised person, to a relevant professional or to a person falling within paragraph (c)—

(i)

if it is a body corporate, any person who is or has been an officer of it;

(ii)

if it is a partnership, any person who is or has been a partner in it;

(iii)

if it is an unincorporated association, any person who is or has been a member of its governing body or an officer of it.

(4A)

In subsection (4)—

“authorised person” has the meaning given in section 31(2) of the Financial Services and Markets Act 2000;

“relevant professional” means a member of a profession in relation to which a body has been designated under section 326(1) of that Act, and, in relation to such a profession, “member” has the meaning given in section 325(2) of that Act.”.