16. Section 167 (appointment of persons to carry out general investigations)(1) applies as if—
(a)in subsection (1)—
(i)in paragraph (a), for “person to whom subsection (1A) applies or an appointed representative” there was substituted “registered person”;
(ii)in paragraph (c), for “person to whom subsection (1A) applies” there was substituted “registered person”;
(b)subsection (1A) was omitted;
(c)in subsection (2)—
(i)after paragraph (a), “or” was inserted;
(ii)paragraph (c) and the “or” before it were omitted;
(d)in subsection (4A), for “an authorised person or a person described in subsection (1A)(c) or (d)” there were substituted, in both places, “a registered person”;
(e)subsection (4B) was omitted;
(f)in subsection (5), “even if it does not consist of carrying on regulated activities” was omitted;
(g)in subsection (5A)—
(i)paragraphs (a), (c) and (d) were omitted;
(ii)in paragraph (b), for the words from “an authorised person” to the end there were substituted “a registered person or a former registered person, the FCA.”;
(h)subsection (6) was omitted.
Section 167 was amended by paragraph 7(2) and (3) of Schedule 12 to the Financial Services Act 2012, paragraph 7(2) to (4) of Schedule 2 to the Financial Services Act 2021 and S.I. 2007/126, 2015/575, 2019/632.