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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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368. Winding-up petitions: EEA and Treaty firms

Omitted from 31 December 2020

(1) A regulator may not present a petition to the court under section 367 for the winding up of -

(a) an EEA firm which qualifies for authorisation under Schedule 3, or

(b) a Treaty firm which qualifies for authorisation under Schedule 4,

unless it or the other regulator has been asked to do so by the home state regulator of the firm concerned.

(2) If a regulator receives from the home state regulator of a body falling within subsection (1)(a) or (b) a request to present a petition to the court under section 367 for the winding up of the body, it must  -

(a) notify the other regulator of the request, and

(b) provide the other regulator with such information relating to the request as it thinks fit.

Comparing proposed amendment...