Paragraph 7 I1

Section 167 (appointment of investigator in general cases) is amended as follows.

In subsection (1), for “the Authority or the Secretary of State (“the investigating authority”)” substitute “ an investigating authority ”.

After subsection (5) insert—

“(5A)

Investigating authority” means—

(a)

in relation to a recognised investment exchange, the Secretary of State or the FCA;

(b)

in relation to an authorised person or former authorised person, the FCA or the PRA;

(c)

in relation to an appointed representative or former appointed representative, the FCA or the PRA.”