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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 13 March 2018 - onwards
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374. Powers of FCA or PRA to participate in proceedings

(1) This section applies if a person presents a petition to the court -

(a) under section 264 of the 1986 Act (or Article 238 of the 1989 Order) for a bankruptcy order to be made against an individual;

(b) under section 2 or 5 of the 2016 Act for the sequestration of the estate of an individual; or

(c) under section 6 of the 2016 Act for the sequestration of the estate belonging to or held for or jointly by the members of an entity mentioned in subsection (1) of that section.

(2) The appropriate regulator is entitled to be heard -

(a) at the hearing of the petition; and

(b) at any other hearing in relation to the individual or entity under -

(i) Part IX of the 1986 Act;

(ii) Part IX of the 1989 Order; or

(iii) the 2016 Act.

(3) In the case of a petition presented under Article 238 of the 1989 Order, a copy of the report prepared under Article 248 of that Order must also be sent to the appropriate regulator.

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

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