22. —(1) Where, following an inspection under this Part, the inspector is of the opinion that—

(a) there is reason to believe that the insurance undertaking concerned is in breach of any provision of this Act, or

(b) there is a material defect in the systems, procedures and practices referred to in section 19(1)(c),

the inspector shall prepare a written report and shall submit a copy of the report to the regulatory authority.

(2) Subject to subsection (3), policy holders shall not be referred to in a report under this section (otherwise than for the purposes of subsection (3)) by name or in any manner by which they could be identified as being the policy holder.

(3) An inspector who, in the course of an inspection, obtains prima facie evidence of—

(a) a possible underpayment of moneys, or failure to transfer moneys, under section 10 , or

(b) a fraudulent notice to the Agency under section 15,

shall furnish to the regulatory authority particulars of the evidence and of the policies and policy holders concerned.

(4) An inspector shall provide to the regulatory authority any information and assistance that may reasonably be required by the regulatory authority in respect of any matters relating to an inspection carried out under this Chapter or for the purpose of clarifying any matter in the inspector's report.

(5) The regulatory authority may give directions in relation to the form, manner and content of a report under this section.