http://www.legislation.gov.uk/ukpga/2009/1/section/83ZCBanking Act 2009An Act to make provision about banking.texttext/xmlenStatute Law Database2026-02-20Expert Participation2026-01-19 Banking Act 2009s. 4(8A) (8B)Financial Services Act 2012s. 96(3)Sch. 20s. 122(3)Banking Act 2009s. 8(2)(d) and wordFinancial Services Act 2012s. 96(4)(b)Sch. 20s. 122(3) Part 1Chapter 483ZC1This section applies only for the purposes of the functions of the Bank of England mentioned in section 83ZA(1).2If it appears to the Bank of England that there is good reason for doing so, the Bank may appoint one or more competent persons to conduct an investigation on its behalf into—athe nature, conduct or state of the business of a bank,ba particular aspect of that business, orcthe ownership or control of a bank.3If a person appointed under subsection (2) thinks it necessary for the purposes of the investigation, that person may also investigate the business of a person who is or has at any relevant time been—aa member of a group of which the bank under investigation is part, orba partnership of which the bank is a member.4A person appointed under subsection (2) who decides to investigate the business of any person under subsection (3) must give that person written notice of that decision.5In this section—“business” includes any part of a business, and“group” has the meaning given by section 3(2)(b).Pt. 1 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2Pt. 1: power to amend conferred (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 17(3)(f), 148(5); S.I. 2014/377, art. 2(1)(b), Sch. Pt. 2Pt. 1 Ch. 4 inserted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 97