CTPS 13.2 The FCA’s power

Under section 166 (Reports by skilled persons) as applied by section 312P (Information gathering and investigations) of the Act, the FCA may, by giving a written notice, itself appoint a skilled person to provide it with a report, or require any of the following persons to provide it with a report by a skilled person:

1. (1)

   a critical third party;

2. (2)

   a member of a critical third party’s group;

3. (3)

   a controller of the critical third party;

4. (4)

   a person mentioned in Part 1 of Schedule 15 to the Act (for example, an employee or agent of the critical third party); and

5. (5)

   a person who has at any relevant time been a person falling within (2) to (4).

Under section 166A (Appointment of skilled person to collect and update information) as applied by section 312P (Information gathering and investigations) of the Act, the FCA may require a critical third party to appoint, or may itself appoint, a skilled person to collect or update information.