{
  "url": "https://openlegislation.uk/financial-services-act-2012/schedule-14/paragraph-12",
  "json_url": "https://openlegislation.uk/financial-services-act-2012/schedule-14/paragraph-12.json",
  "legislation": "ukpga/2012/21",
  "legislation_title": "Financial Services Act 2012",
  "legislation_url": "https://openlegislation.uk/financial-services-act-2012",
  "path": "schedule/14/paragraph/12",
  "kind": "paragraph",
  "number": "12",
  "heading": null,
  "text": "(1) Section 365 (powers to participate in proceedings: voluntary winding up) is amended as follows.\n(2) In subsection (1)(b), after “authorised person” insert “ or recognised investment exchange ”.\n(3) In subsections (2) to (7), for “Authority” substitute “ appropriate regulator ”.\n(4) After subsection (7) insert—\n“(8) The appropriate regulator” means—\n(a) for the purposes of subsections (2) to (4), (6) and (7)—\n(i) where the company is a PRA-authorised person, each of the FCA and the PRA, and\n(ii) in any other case, the FCA;\n(b) for the purposes of subsection (5)—\n(i) where the company is a PRA-authorised person, the FCA or the PRA, and\n(ii) in any other case, the FCA.”\n(5) In the heading, for “Authority's powers” substitute “ Powers of FCA and PRA ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 14 para. 12 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2012/21/schedule/14/paragraph/12",
    "retrieved_at": "2026-10-29T09:08:36.918830+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}