(1) The supervisory authority may appoint an administrator to an investment firm in respect of which a determination has been made in accordance with section 31 (3) or in respect of which a court has made a ruling.

(1A) The supervisory authority may appoint an administrator under subsection (1) only with the agreement of the Company.

(2) On being appointed as administrator to an investment firm under subsection (1) -

(a) the administrator has, in relation to the firm, all the powers of an authorised officer under Part 3 of the Central Bank (Supervision and Enforcement) Act 2013, and

(b) the powers available to an authorised officer under that Part of that Act apply in relation to the firm accordingly.

(3) The administrator shall deliver to the Company, or, where appropriate, to the operator of the compensation scheme concerned -

(a) a statement, or

(b) if an interim statement is delivered under subsection (3B), a final statement,