Section 370

If— the liquidator must report the matter without delay to the FCA and, if the regulated activity concerned is a PRA-regulated activity, to the PRA. a company is being wound up voluntarily or a body is being wound up on a petition presented by any person, and it appears to the liquidator that the company or body is carrying on, or has carried on— a regulated activity in contravention of the general prohibition, or a credit-related regulated activity in contravention of section 20, Subsection (1) does not apply where— a body is being wound up on a petition presented by a regulator, and the regulator's petition depended on a contravention by the body of the general prohibition.

← 5 · All articles · 1 →

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