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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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355A. Powers of FCA and PRA to participate in proceedings

(1) This section applies where Part 26A of the Companies Act 2006 ("the 2006 Act") (arrangements and reconstructions: companies in financial difficulty) applies in relation to a company which -

(a) is, or has been, an authorised person or recognised investment exchange;

(b) is, or has been, any of the following -

(i) an electronic money institution;

(ii) an authorised payment institution;

(iii) a small payment institution;

(iv) a registered account information service provider;

(c) is, or has been, an appointed representative; or

(d) is carrying on, or has carried on, a regulated activity in contravention of the general prohibition.

(2) A relevant applicant must give notice to the appropriate regulator of -

(a) any application which the relevant applicant intends to make under section 901C(1) of the 2006 Act, and

(b) any application which the relevant applicant believes a creditor or member of the company has made, or intends to make, under section 901C(1) of that Act in relation to th

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