SUP 5.2 2The appropriate regulator’s power2
Who may be required to provide a report?
Under section 166 of the Act (Reports by skilled persons), the appropriate regulator2 may, by giving a written notice, itself appoint a skilled person to provide it with a report, or 2require any of the following persons to provide it with a report by a skilled person:
2- (1)
a firm;
- (2)
- (3)
a partnership of which the firm is a member;
- (4)
a person who has at any relevant time been a person falling within (1), (2) or (3);
but only if the person is, or was at the relevant time, carrying on a business.
2Under section 166A of the Act (Appointment of skilled person to collect and update information), the appropriate regulator may require a firm to appoint, or itself appoint, a skilled person to collect or update information.