[(1) This section applies if either regulator considers that an authorised person has contravened a requirement in rules made by that regulator to collect, and keep up to date, information of a description specified in the rules.
(2) The regulator may either—
(a) require the authorised person to appoint a skilled person to collect or update the information, or
(b) itself appoint a skilled person to do so.
(3) References in this section to a skilled person are to a person—
(a) appearing to the regulator to have the skills necessary to
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