Paragraph 14 I1

(1)

Section 367 (winding-up petitions) is amended as follows.

(2)

In subsection (1)—

(a)

for “Authority” substitute “ FCA ”, and

(b)

in paragraph (a), after “authorised person” insert “ or recognised investment exchange ”.

(3)

After that subsection insert—

“(1A)
The PRA may present a petition to the court for the winding up of a body which is a PRA-regulated person.”

(4)

In subsection (2), for “subsection (1)” substitute “ subsections (1) and (1A) ”.

(5)

In subsection (6), after “(1)” insert “ or (1A) ”.

Annotations