(1) Until commencement, the Authority may by notice in writing require any recognised professional body, within the meaning of the Financial Services Act, to furnish it with information -

(a) which relates to investment business (within the meaning of that Act) carried on by a person who holds or has held a certificate issued by that body for the purposes of Part I of that Act or the regulation or supervision of such business; and

(b) which is reasonably required in connection with the exercise by the Authority of functions which the Authority has reasonable grounds to believe will be conferred on it by or under the Act at commencement.

(2) Any requirement imposed under paragraph (1) ceases to have effect at commencement if it could not be imposed immediately after commencement under the Financial Services and Markets Act 2000 (Transitional Provisions and Savings) (Civil Remedies, Discipline, Criminal Offences etc.) (No. 2) Order 2001, and no action may be taken or continued under or pursuant to the Act in relation to such a requirement after commencement.