Schedule 1, Part 4, paragraph 19(6)

Section 167 of the Act (appointment of persons to carry out general investigations) applies as if— for subsection (1) there were substituted— If it appears to an investigating authority that there is good reason for doing so, the investigating authority may appoint one or more competent persons to conduct an investigation on its behalf into— the nature, conduct or state of the business of a person in respect of whom a requirement is imposed by or under the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (“a person subject to the 2017 Regulations”) or a non-authorised counterparty in respect of whom a requirement is imposed by Article 28 of the markets in financial instruments regulation (“a non-authorised counterparty”); a particular aspect of that business; or the ownership or control of a person subject to the 2017 Regulations or a non-authorised counterparty. for subsection (4) there were substituted— The power conferred by this section may be exercised in relation to a person who was formerly a person subject to the 2017 Regulations or a non-authorised counterparty but only in relation to— business carried on when the person was a person subject to the 2017 Regulations or a non-authorised counterparty; or the ownership or control of a person who was formerly a person subject to the 2017 Regulations or a non-authorised counterparty at any time when the person was a person subject to the 2017 Regulations or a non-authorised counterparty. in subsection (5A) for paragraphs (b) and (c) there were substituted— in relation to any other person subject to the 2017 Regulations, the FCA or the PRA; in relation to a non-authorised counterparty, the FCA. subsection (6) were omitted.

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Source: legislation.gov.uk · retrieved 2026-09-04