This section applies where either regulator has required or could require a person to whom subsection (2) applies ("the person concerned") to provide information or produce documents with respect to any matter ("the matter concerned").
This subsection applies to—
who is, or was at the relevant time, carrying on a business.
The regulator mentioned in subsection (1) may either—
When acting under subsection (3)(a), the regulator may require the report to be in such form as may be specified in the notice.
The regulator must give notice of an appointment under subsection (3)(b) to the person concerned.
The person appointed to make a report—
It is the duty of—
to give the person appointed to prepare a report all such assistance as the appointed person may reasonably require.
The obligation imposed by subsection (7) is enforceable, on the application of the regulator in question, by an injunction or, in Scotland, by an order for specific performance under section 45 of the Court of Session Act 1988.
A regulator may make rules providing for expenses incurred by it in relation to an appointment under subsection (3)(b) to be payable as a fee by the person concerned.
The powers conferred by this section may also be exercised by the FCA in relation to a person to whom subsection (10A), (11) , (12) or (13) applies, (and references to the person concerned are to be read accordingly).
This subsection applies to a person who is or has been subject to a relevant Part 5A requirement.
This subsection applies to—
who is, or was at the relevant time, carrying on a business.
This subsection applies to a person who provides, or has provided, a service to an FCA investment firm or to a relevant parent undertaking of such a firm.
This subsection applies to a person who is or has at any relevant time been involved in the administration of any trust arrangement relating to a funeral plan contract entered into or carried out by an authorised person.
In this section, "funeral plan contract" has the same meaning as in article 59(2) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.