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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 3 January 2018 - onwards
  Version 3 of 3    

Regulation 172 Powers of Court following consideration of reports

Revoked from 3 January 2018

(1) Having considered a report made under Regulation 171, the Court may make such order as it thinks fit in relation to matters arising from that report including -

(a) an order of its own motion for the winding-up or dissolution or bankruptcy of an investment firm or the market operator of a regulated market,

(b) an order for the purpose of remedying any disability suffered by any person whose interests were adversely affected by the conduct of the affairs of the investment firm or market operator provided that, in making any such order, the Court shall have regard to the interests of any other person who may be adversely affected by the order.

(2) If, in the case of any investment firm or market operator of a regulated market which firm or operator is liable to be wound up or dissolved under these Regulations or is subject to an adjudication of bankruptcy, it appears to the Bank from -

(a) any report made under Regulation 171 as a result of an application by the Bank under Regul

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