{
  "url": "https://openlegislation.uk/financial-services-act-2012/schedule-14/paragraph-3",
  "json_url": "https://openlegislation.uk/financial-services-act-2012/schedule-14/paragraph-3.json",
  "legislation": "ukpga/2012/21",
  "legislation_title": "Financial Services Act 2012",
  "legislation_url": "https://openlegislation.uk/financial-services-act-2012",
  "path": "schedule/14/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "(1) Section 356 (powers to participate in proceedings: company voluntary arrangements) is amended as follows.\n(2) In subsections (1) and (2), for “the Authority” substitute “ or recognised investment exchange, the appropriate regulator ”.\n(3) In subsection (3)—\n(a) for “the Authority”, in the first place, substitute “ a regulator ”, and\n(b) for “the Authority”, in the second place, substitute “ the appropriate regulator ”.\n(4) After subsection (3) insert—\n“(4) The appropriate regulator” means—\n(a) in the case of a PRA-authorised person—\n(i) for the purposes of subsections (1) and (2), the FCA or the PRA, and\n(ii) for the purposes of subsection (3), each of the FCA and the PRA;\n(b) in any other case, the FCA.\n(5) If either regulator makes an application to the court under any of those provisions in relation to a PRA-authorised person, the other regulator is entitled to be heard at any hearing relating to the application.”\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. 3 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/3",
    "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."
}