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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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371. Powers of FCA and PRA to participate in proceedings

(1) This section applies if a person presents a petition for the winding up of a body 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 -

(a) at the hearing of the petition; and

(b) at any other hearing of the court in relation to the body under or by virtue of Part IV or V of the 1986 Act (or Part V or VI of the 1989 Order).

(3) Any notice or other document required to be sent to a creditor of the body must also be sent to the appropriate regulator.

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

(a) to attend any meeting of creditors of the body;

(b) to attend any meeting of a committee established for the purposes of Part IV or V of the 1986 Act under section 101 of that Act or under section 141 or 142 of t

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