(1) This section applies if the Payment Systems Regulator appoints one or more competent persons ("investigators") under section 83 to conduct an investigation on its behalf.
(2) The Payment Systems Regulator must give written notice of the appointment of an investigator to the person who is the subject of the investigation.
(3) Subsections (2) and (9) do not apply if -
(a) the Payment Systems Regulator believes that the notice required by subsection (2) or (9) would be likely to result in the investigation being frustrated, or
(b) the investigator is appointed under subsection (2) of section 83.
(4) A notice under subsection (2) must -
(a) specify the provision under which the investigator was appointed, and
(b) state the reason for the appointment.
(5) Nothing prevents the Payment Systems Regulator from appointing as an investigator -
(a) a member of its staff, or
(b) a member of staff of the FCA.
(6) An investigator who conducts an investigation must make a report of the investigati
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