Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 2013 - onwards
  Version 3 of 3    

363. Powers of FCA and PRA to participate in proceedings

(1) This section applies if a receiver has been appointed in relation to a company 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.

(2) The appropriate regulator is entitled to be heard on an application made under section 35 or 63 of the 1986 Act (or Article 45 of the 1989 Order).

(3) The appropriate regulator is entitled to make an application under section 41(1)(a) or 69(1)(a) of the 1986 Act (or Article 51(1)(a) of the 1989 Order).

(4) A report under section 48(1) or 67(1) of the 1986 Act (or Article 58(1) of the 1989 Order) must be sent by the person making it to the appropriate regulator.

(5) A person appointed for the purpose by the appropriate regulator is entitled -

(a) to attend any meeting of creditors of the company summoned under any enactment;

(b) to attend any meeting of a committ

Comparing proposed amendment...