OpenLegislation

Paragraph 126 Powers of persons appointed as a result of paragraph 122I1I2

United Kingdom

(1)

This paragraph applies to an investigator appointed under paragraph 122 to conduct an investigation on behalf of the Bank.

(2)

The investigator has—

(a)

the powers conferred by paragraph 125 on an investigator appointed under paragraph 121, and

(b)

the powers conferred by sub-paragraphs (3) and (4).

(3)

The investigator may require the person who is the subject of the investigation (“the person under investigation”) to give the investigator all assistance in connection with the investigation which that person is reasonably able to give.

(4)

The investigator may require a person who is neither the person under investigation nor a person connected with the person under investigation—

(a)

to attend before the investigator at a specified time and place and answer questions, or

(b)

otherwise to provide such information as the investigator may require for the purposes of the investigation.

(5)

A requirement may only be imposed under sub-paragraph (4) if the investigator is satisfied that the requirement is necessary or expedient for the purposes of the investigation.

(6)

Paragraph 125(5) and (6) applies for the purposes of this paragraph.

Annotations

Commencement

I1

Sch. 11 para. 126 not in force at Royal Assent, see s. 86(3)

I2

Sch. 11 para. 126 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)