Schedule 11: Central counterparties Part 6 – Information, investigation and enforcement Investigations: general
Paragraph 124 provides that, if the Bank appoints one or more investigators to conduct an investigation on its behalf (under paragraph 121 or paragraph 122), the person under investigation must be notified by the Bank. The notice must state the reason for the appointment and specify the provisions under which (and as a result of which) the investigator has been appointed.
	Sub-paragraphs (4) and (5) provide that the investigator may be a member of staff at the Bank, and must make a report of the investigation to the Bank.
	Sub-paragraphs (6) and (7) outline the ways in which the Bank may direct the investigation, and sub-paragraph (8) provides that the person under investigation must be notified of a significant change in scope.
	If the appointment was made under paragraph 122, the Bank does not need to notify the person under investigation if they believe it will result in the investigation being frustrated.