46. (1) Where the Regulator considers it is necessary to do so for the purposes of the performance of any of its functions, the Regulator may appoint one or more than one inspector—

(a) to investigate the affairs of an AHB, and

(b) to prepare and submit to the Regulator an investigation report.

(2) The terms of appointment of an inspector under subsection (1) may define the scope of the investigation to be carried out by the inspector, whether as respects the matters or the period to which it is to extend or otherwise and, in particular, may limit the investigation to matters connected with particular circumstances.

(3) Where more than one inspector has been appointed under subsection (1) to carry out an investigation, the investigation report shall be prepared jointly by the inspectors so appointed and this Part shall, with all necessary modifications, be construed accordingly.