40.—(1) The Regulator may—
(a)investigate the affairs of a community interest company, or
(b)appoint any person (other than a member of the Regulator’s staff) to investigate the affairs of a community interest company on behalf of the Regulator.
(2) Paragraph (1)(b) is in addition to paragraph 4 of Schedule 4 (powers of Regulator exercisable by authorised members of staff) and does not affect the application of that paragraph to the Regulator’s power under paragraph (1)(a).
(3) Schedule 8 (further provision about investigations under this Article) has effect.