# Financial Services Act 2012, Paragraph 20


(1) Section 372 (bankruptcy petitions) is amended as follows.
(2) In subsection (1), for “Authority” substitute “ FCA ”.
(3) After that subsection insert—
“(1A) The PRA may present a petition to the court—
(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;
(b) under section 5 of the 1985 Act for the sequestration of the estate of an individual who is a PRA-regulated person.”
(4) In subsection (2), for “such a petition may be presented” substitute “ a petition may be presented by virtue of subsection (1) or (1A) ”.
(5) In subsection (4)(a)—
(a) for “the Authority”, in the first place, substitute “ a regulator ”, and
(b) for “the Authority”, in the second place, substitute “ that regulator ”.
(6) In subsection (6)—
(a) after “(1)(b)” insert “ or (1A)(b) ”, and
(b) in paragraph (a), for “the Authority” substitute “ the regulator by which the petition is presented ”.

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Source: https://www.legislation.gov.uk/ukpga/2012/21/schedule/14/paragraph/20 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/schedule-14/paragraph-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.