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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 26 June 2020 - onwards
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362. Powers of FCA and PRA to participate in proceedings

(1) This section applies if a person makes an administration application under Schedule B1 to the 1986 Act or Schedule B1 to the 1989 Order in relation to a company or partnership which -

(a) is, or has been, an authorised person or recognised investment exchange;

(b) is, or has been, an appointed representative; or

(c) is carrying on, or has carried on, a regulated activity in contravention of the general prohibition.

(1A) This section also applies in relation to -

(a) the appointment under paragraph 14 or 22 of Schedule B1 to the 1986 Act or paragraph 15 or 23 of Schedule B1 to the 1989 Order of an administrator of a company of a kind described in subsection (1)(a) to (c), or

(b) the filing with the court of a copy of notice of intention to appoint an administrator under any of those paragraphs.

(1B) This section also applies in relation to -

(a) the appointment under paragraph 22 of Schedule B1 to the 1986 Act (as applied by order under section 420 of the 1986 Act), or under paragra

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