33AZ.—(1) Except as provided by subsection (2), the F458[Bank] shall hold its inquiries in public.

(2) The F458[Bank] and the F459[…] person to whom an inquiry relates may agree that the inquiry should be held in private, but even if they do not agree, F460[the Bank] may nevertheless decide to hold an inquiry in private if it is satisfied that—

(a) evidence may be given, or a matter may arise, during the inquiry that is of a confidential nature or relates to the commission, or to the alleged or suspected commission, of an offence against a law of the State, or

(b) a person’s reputation would be unfairly prejudiced unless F460[the Bank] exercises its powers under this section.

(3) The F458[Bank] may at any time vary or revoke a decision made under subsection (2).]

F461[(4) Subject to section 33AZA, the Bank may, where it is satisfied that in doing so a person’s reputation would not be unfairly prejudiced, publish a record of any procedural matter relating to an inquiry or a transcript of all or any part of the proceedings of an inquiry, whether with or without any information which would enable the persons taking part in the proceedings, or any one or more than one of them, to be identified, as it thinks appropriate.]