{
  "url": "https://openlegislation.uk/financial-services-act-2012/schedule-14/paragraph-20",
  "json_url": "https://openlegislation.uk/financial-services-act-2012/schedule-14/paragraph-20.json",
  "legislation": "ukpga/2012/21",
  "legislation_title": "Financial Services Act 2012",
  "legislation_url": "https://openlegislation.uk/financial-services-act-2012",
  "path": "schedule/14/paragraph/20",
  "kind": "paragraph",
  "number": "20",
  "heading": null,
  "text": "(1) Section 372 (bankruptcy petitions) is amended as follows.\n(2) In subsection (1), for “Authority” substitute “ FCA ”.\n(3) After that subsection insert—\n“(1A) The PRA may present a petition to the court—\n(a) under section 264 of the 1986 Act (or Article 238 of the 1989 Order) for a bankruptcy order to be made against an individual who is a PRA-regulated person;\n(b) under section 5 of the 1985 Act for the sequestration of the estate of an individual who is a PRA-regulated person.”\n(4) In subsection (2), for “such a petition may be presented” substitute “ a petition may be presented by virtue of subsection (1) or (1A) ”.\n(5) In subsection (4)(a)—\n(a) for “the Authority”, in the first place, substitute “ a regulator ”, and\n(b) for “the Authority”, in the second place, substitute “ that regulator ”.\n(6) In subsection (6)—\n(a) after “(1)(b)” insert “ or (1A)(b) ”, and\n(b) in paragraph (a), for “the Authority” substitute “ the regulator by which the petition is presented ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 14 para. 20 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/20",
    "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."
}