(1)
The Registrar may, if satisfied on reasonable grounds that it is in the public interest to do so,—
start an investigation; or
take over an investigation started by an accredited body; or
conduct an investigation in conjunction with an accredited body.
(2)
However, the Registrar must not investigate, under this subpart, the conduct of a member of an accredited body in respect of an insolvency engagement unless—
the Registrar is satisfied on reasonable grounds that—
the accredited body has decided not to investigate the matter; or
the matter is not being investigated promptly or otherwise in a reasonable manner by, or on behalf of, the accredited body; or
the accredited body has asked the Registrar to act under this subpart in respect of the matter.
(3)
In this subpart, an investigation is an investigation into the conduct of a licensed insolvency practitioner in respect of 1 or more insolvency engagements.
(4)
This subpart does not limit any other powers of the Registrar, under any other enactment, to investigate or inquire into any matter.
Compare: 2011 No 21 s 75