65 Investigations on behalf of [FCA or PRA]

Inspections etc

65  Investigations on behalf of [FCA or PRA]

(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)     . . .]

(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,

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