Section 373(1)

If— the insolvency practitioner must report the matter without delay to the FCA and, if the regulated activity concerned is a PRA-regulated activity, to the PRA. a bankruptcy order or sequestration award is in force in relation to an individual ..., and it appears to the insolvency practitioner that the individual 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,

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