# Financial Services Act 2012, Paragraph 10


(1) Section 363 (powers to participate in proceedings: receivership) is amended as follows.
(2) In subsection (1)(a), after “authorised person” insert “ or recognised investment exchange ”.
(3) In subsections (2) to (5), for “Authority” substitute “ appropriate regulator ”.
(4) After subsection (5) insert—
“(6) The appropriate regulator” means—
(a) for the purposes of subsections (2) to (4)—
(i) where the company is a PRA-regulated person, each of the FCA and the PRA, and
(ii) in any other case, the FCA;
(b) for the purposes of subsection (5)—
(i) where the company is a PRA-regulated person, the FCA or the PRA, and
(ii) in any other case, the FCA.”
(5) In the heading, for “Authority's powers” substitute “ Powers of FCA and PRA ”.

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Source: https://www.legislation.gov.uk/ukpga/2012/21/schedule/14/paragraph/10 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/schedule-14/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.