128Regulator may cause civil proceeding to be begun

128 Regulator may cause civil proceeding to be begun

If, as a result of an investigation or from a record of an examination (being an investigation or examination conducted under this Part), it appears to the Regulator to be in the public interest for a person to begin and carry on a proceeding for: (a) the recovery of damages for fraud, negligence, default, breach of duty, or other misconduct, committed in connection with a matter to which the investigation or examination related; or (b) recovery of property of the person; the Regulator: (c) if the person is a body corporate—may cause; or (d) otherwise—may, with the person’s written consent, cause: such a proceeding to be begun and carried on in the person’s name.