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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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365. Powers of FCA and PRA to participate in proceedings

(1) This section applies in relation to a company which -

(a) is being wound up voluntarily;

(b) is an authorised person or recognised investment exchange; and

(c) is not an insurer effecting or carrying out contracts of long-term insurance.

(2) The appropriate regulator may apply to the court under section 112 of the 1986 Act (or Article 98 of the 1989 Order) in respect of the company.

(3) The appropriate regulator is entitled to be heard at any hearing of the court in relation to the voluntary winding up of the company.

(4) Any notice or other document required to be sent to a creditor of the company must also be sent 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 committee established under section 101 of the 1986 Act (or Article 87 of the 1989 Order); and

(c) to make representations as to any matter for d

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