(1) This section applies if the Bank of England appoints one or more competent persons ("investigators") under section 83ZC or 83ZD to conduct an investigation on its behalf.

(2) The Bank must give written notice of the appointment of an investigator to the person who is the subject of the investigation ("the person under investigation").

(3) A notice under subsection (2) must -

(a) specify the provisions under which, and as a result of which, the investigator was appointed, and

(b) state the reason for the investigator's appointment.

(4) Nothing prevents the Bank from appointing a person who is a member of its staff as an investigator.

(5) An investigator must make a report of the investigation to the Bank.

(6) The Bank may, by a direction to an investigator, control -

(a) the scope of the investigation,

(b) the period during which the investigation is to be conducted,

(c) the conduct of the investigation, and

(d) the reporting of the investigation.

(7) A direction may, in particular -

(a) confine the investigation to particular matters;