Part 2Community interest companies
Supervision by Regulator
42Investigation
(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)
Subsection (1)(b) is in addition to paragraph 5 of Schedule 3 (powers of Regulator exercisable by authorised members of staff) and does not affect the application of that paragraph to the Regulator’s power under subsection (1)(a).
(3)
Schedule 7 (further provision about investigations under this section) has effect.