{
  "url": "https://openlegislation.uk/financial-services-act-2012/schedule-14/paragraph-18",
  "json_url": "https://openlegislation.uk/financial-services-act-2012/schedule-14/paragraph-18.json",
  "legislation": "ukpga/2012/21",
  "legislation_title": "Financial Services Act 2012",
  "legislation_url": "https://openlegislation.uk/financial-services-act-2012",
  "path": "schedule/14/paragraph/18",
  "kind": "paragraph",
  "number": "18",
  "heading": null,
  "text": "For section 370 substitute—\n“Liquidator's duty to report to FCA and PRA\n370 (1) If—\n(a) a company is being wound up voluntarily or a body is being wound up on a petition presented by any person, and\n(b) it appears to the liquidator that the company or body is carrying on, or has carried on—\n(i) a regulated activity in contravention of the general prohibition, or\n(ii) a credit-related regulated activity in contravention of section 20,\nthe liquidator must report the matter without delay to the FCA and, if the regulated activity concerned is a PRA-regulated activity, to the PRA.\n(2) Subsection (1) does not apply where—\n(a) a body is being wound up on a petition presented by a regulator, and\n(b) the regulator's petition depended on a contravention by the body of the general prohibition.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 14 para. 18 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/18",
    "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."
}