(1) In this section, "approved investigation and disciplinary procedures" means - (a) in relation to a prescribed accountancy body that is a recognised accountancy body, the investigation and disciplinary procedures approved under section 9(2)(c) of this Act or approved under the Act of 1990 before or after the amendment of that Act by section 32 of this Act, and (b) in relation to any other prescribed accountancy body, the investigation and disciplinary procedures approved under section 9(2)(c) of this Act.
(2) Following a complaint or on its own initiative, the Supervisory Authority may, for the purpose of determining whether a prescribed accountancy body has complied with the approved investigation and disciplinary procedures, enquire into -
(a) a decision by that body not to undertake an investigation into a possible breach of its standards by a member,
(b) the conduct of an investigation by that body into a possible breach of its standards by a member, or
(c) any other