(1) If it appears to the FCA or the PRA desirable to do so for the purpose of its supervisory functions in relation to a friendly society, the FCA or the PRA may appoint one or more competent persons to investigate and report to it on the state and conduct of the activities of the society, or any particular aspect of those activities.
(1A) [deleted]
(2) If a person appointed under subsection (1) above thinks it necessary for the purposes of his investigation, he may also investigate the activities of any body corporate which is or has at any relevant time been a subsidiary of, or jointly controlled by, the society under investigation.
(3) It shall be the duty of every person who is or has been an officer, employee and agent of a friendly society or other body which is under investigation -
(a) to produce to the persons appointed under subsection (1) above all records, books and papers relating to the body concerned which are in his custody or power; and
(b) to attend before those perso
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