55 Investigations on behalf of [FCA or PRA]
Building Societies Act 1986 (1986 c 53) | Legislation

Inspections, etc

55  Investigations on behalf of [FCA or PRA]

(1)     If it appears to [the FCA or the PRA] desirable to do so for the purposes of its supervisory functions in relation to a building society, [it] may appoint one or more competent persons to investigate and report to it on the state and conduct of the business of the society concerned, or any particular aspect of that business.

(2)     If a person appointed under subsection (1) above thinks it necessary for the purposes of his investigation, he may also investigate the business of any body corporate which is or has at any relevant time been [a connected undertaking of the building society under

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