Section 369

If a person other than a regulator presents a petition for the winding up of an authorised person with permission to effect or carry out contracts of insurance, the petitioner must serve a copy of the petition on the appropriate regulator. If a person other than a regulator applies to have a provisional liquidator appointed under section 135 of the 1986 Act (or Article 115 of the 1989 Order) in respect of an authorised person with permission to effect or carry out contracts of insurance, the applicant must serve a copy of the application on the appropriate regulator. "The appropriate regulator” means— in relation to a PRA-authorised person, the FCA and the PRA, and in any other case, the FCA. If either regulator— that regulator must serve a copy of the petition or application (as the case requires) on the other regulator. presents a petition for the winding up of a PRA-authorised person with permission to effect or carry out contracts of insurance, or applies to have a provisional liquidator appointed under section 135 of the 1986 Act (or Article 115 of the 1989 Order) in respect of a PRA-authorised person with permission to effect or carry out contracts of insurance,

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Source: legislation.gov.uk · retrieved 2026-09-04