The Financial Services Authority's (FSA) investigation into the failure of the Royal Bank of Scotland was not a public inquiry. It was initiated by the FSA and carried out by its board.
In such cases, arrangements for informing the subject of intended criticism and considering their representations are for the body carrying out the investigation to determine. In doing so, the body must take into account the principles of procedural fairness and relevant case law. This will generally involve informing the subject of the report of the criticisms to be made and having regard to their representations.