Paragraph 121(2) outlines the three things the Bank may appoint one or more competent persons to conduct an investigation into: the nature, conduct, or state of a CCP’s business, a particular aspect of that business, or the ownership or control of a CCP.
	Sub-paragraph (3) provides that, with written notice, a person may investigate the business of a person who is, or has been at a relevant time, a member of a group of which the CCP under investigation is part.
Schedule 11: Central counterparties Part 6 – Information, investigation and enforcement Appointment of persons to carry out general investigations