(1) At any time before the grant or refusal of an authorisation under Regulation 11(1), the Bank may -
(a) request the applicant for the authorisation to supply further information and records relating to the proposed investment firm, or
(b) instruct an authorised officer appointed under Part 3 of the Central Bank (Supervision and Enforcement) Act 2013 to -
(i) make inquiries, or
(ii) carry out investigations
as may be necessary for the purpose of evaluating properly the application.
(2) The inquiries or investigations referred to in subparagraph (1)(b) shall be carried out in accordance with these Regulations.