Sch 12 para 7
(1) Section 167 (appointment of investigator in general cases) is amended as follows. (2) In subsection (1), for “the Authority or the Secretary of State (“ the investigating authority ”)” substitute “ an investigating authority ” . (3) After subsection (5) insert— (5A) Investigating authority” means— (a) in relation to a recognised investment exchange, the Secretary of State or the FCA; (b) in relation to an authorised person or former authorised person, the FCA or the PRA; (c) in relation to an appointed representative or former appointed representative, the FCA or the PRA.