Article 51 Powers of FCA and PRA to participate in proceedings (voluntary winding up)

(1)

Paragraph (2) applies if, before the commencement date—

(a)

a notice or other document was sent to the Authority in accordance with section 365(4)^f1 (powers to participate in proceedings); and

(b)

the company had not been wound up.

(2)

If the notice or other document relates to a person who is, on the commencement date, a PRA-authorised person, the notice or other document is to be treated as if it had been sent to the PRA (as well as to the FCA).

Annotations

Footnotes

f1: Section 365(4) is amended by the 2012 Act, Schedule 14, paragraph 12.