(1) If [either regulator] or an investigator has power under this Part to require a person to produce a document but it appears that the document is in the possession of a third person, that power may be exercised in relation to the third person.
(2) If a document is produced in response to a requirement imposed under this Part, the person to whom it is produced may—
(a) take copies or extracts from the document; or
(b) require the person producing the document, or any relevant person, to provide an explanation of the document.
[(2A) A document so produced may be retained for so long as the person to whom it is produced considers that it is necessary to retain it (rather than copies of it) for the purposes for which the d
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